Elite Commercial Reit targets S$1 billion market cap to wow investors

Besides more acquisitions, it enjoys stability with a recession-proof tenant base as 99% of its portfolio is leased to the UK government.

Jude Chan

Published Mon, Oct 4, 2021 · 05:50 AM

Topline

Singapore

SHALDINE Wang, chief executive officer of the manager of Elite Commercial Reit, is on a mission to whet investor appetite with more acquisitions, bump up the Reit's market value and reassert its recession-proof appeal.

Elite Commercial Reit made its debut in February last year as the first UK-focused real estate investment trust (Reit) to be listed in Singapore. It is also the first Reit here to be denominated in the British pound.