Elite Commercial Reit to lodge prospectus next week

Singapore

ELITE Commercial Real Estate Investment Trust (Reit) plans to lodge its listing prospectus next week before the Chinese New Year break.

If successful, it will be the first initial public offering (IPO) of 2020, and the first Reit denominated in British pound to be listed in Singapore.

The Edge Singapore first reported on Tuesday that its initial yield is likely to be between 6 per cent and 7 per cent.

The p…