Singapore-listed office REIT, IREIT Global, issued a clarification on 1 June stating that it is not aware of any plans by an European asset manager to take the REIT private.
The clarification was issued after local newspaper Business Times carried a report on the same day carrying comments by Tikehau Investment Manager. Several other local media also carried incorrect reports relating to Tikehau’s acquisition plans.
“The manager wishes to inform unitholders that it is not aware of the plans of Tikehau as stated in the article and there has not been any discussion between the manager and Tikehau in relation to their plans for IREIT Global”, said the REIT in its statement.
The REIT also clarified that a non-binding offer by Tikehau to acquire 80.0% of the shares of the REIT’s manager is in relation to the shares of the manager only and does not refer to any units in the REIT. The offer by Tikehau Investment Manager is also non-binding and subject to regulatory and lender approvals.
“In the meantime, unitholders are advised to refrain from taking any action in respect of their units in IREIT Global which may be prejudicial to their interests”, said the REIT.
Units of IREIT Global finished the trading day flat on the Singapore Exchange from its previous close at SGD0.72.