IReit Global widens investment mandate to include retail and industrial sectors

Singapore

THE new manager of IReit Global has expanded the real estate investment trust's (Reit) investment mandate beyond European office assets to include the retail and industrial sectors, in order to ensure further diversification and long-term income growth.

A resolution to this effect was passed at the Europe-focused Reit's extraordinary general meeting last Thursday, where its unitholders approved the proposal of an expanded mandate with 99.98 per cent of votes in favour of the change.