IReit Global

The dispute stems from a dilapidation cost agreement made with the former main tenant of its Berlin Campus

Main tenant of its Berlin Campus asset is seeking a partial repayment of dilapidation costs for what it claims are ‘unjustified’ charges

Revenue falls by 27.5% while net property income decreases by 33.3%

Berlin Campus tenant alleges that dilapidation costs to reinstate the property back to its original state are unjustified

Manager of Europe-focused real estate investment trust says it’s in talks with other potential tenants for spaces in its Spanish properties

The bond is expected to be issued on May 22

Committed occupancy is marginally higher due to new leases committed within the Spanish portfolio

Income to be distributed dips 0.9% to 12.7 million euros (S$17.8 million)

The research house forecasts FY2025 DPU to decline by 34% year on year