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.
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.
TRENDING NOW
Things to know about DBS’ incoming chairman Anthony Lim
DBS eyes prime brokerage business as Q3 profit falls 5% on weaker trading income
Royal Group and Sunset Hospitality abandon plans to open Casa Mett hotel off Orchard Road
George Yeo adds 100,000 Wilmar shares at S$2.97 apiece, taking stake to over 1 million shares
