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Elite Commercial Reit to buy 58 UK properties for £212.5m from sponsor
A third of the properties are in London, increasing the trust's overall exposure in the capital to 14 per cent
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Published Mon, Oct 19, 2020 · 09:50 PM
Singapore
ELITE Commercial Reit has proposed to buy 58 commercial buildings located across the UK for £212.5 million (S$372.9 million), in its first acquisition since its initial public offering (IPO) this February.
These assets are almost entirely leased to the UK government via various agencies, the real estate investment trust's (Reit) manager announced on Monday.
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