IReit Global
Repositioning of IReit Global’s Berlin asset to have ‘significant impact’ on DPU
Excluding the Berlin Campus, it has a portfolio occupancy of 89% in Q3
IReit Global’s German subsidiaries served with payment order by former tenant
The dispute stems from a dilapidation cost agreement made with the former main tenant of its Berlin Campus
IReit Global sees risk of losing potential lawsuit as ‘remote’, takes no action for now
Main tenant of its Berlin Campus asset is seeking a partial repayment of dilapidation costs for what it claims are ‘unjustified’ charges
Ireit Global DPU drops to 0.71 euro cent for H1 due to Berlin vacancy
Revenue falls by 27.5% while net property income decreases by 33.3%
IReit Global faces potential litigation
Berlin Campus tenant alleges that dilapidation costs to reinstate the property back to its original state are unjustified
IReit Global signs two new leases in Spain, spanning around 5,200 square metres
Manager of Europe-focused real estate investment trust says it’s in talks with other potential tenants for spaces in its Spanish properties
IReit Global reports higher committed occupancy and stable leverage for Q1 2025
Committed occupancy is marginally higher due to new leases committed within the Spanish portfolio
Ireit Global’s H2 DPU stays at 0.94 euro cent
Income to be distributed dips 0.9% to 12.7 million euros (S$17.8 million)
RHB cuts IReit target to S$0.34; flags potential privatisation on further unit price declines
The research house forecasts FY2025 DPU to decline by 34% year on year
