Analysis: substantial unitholder reduces stake in IREIT Global

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REITsWeek reported on 16 November that a substantial unitholder of IREIT Global, Lim Chap Huat, has disposed off 1.9 million unit of IREIT Global.

Lim, who is also the co-founder of real estate development company Soilbuild Group, now holds on to approximately 73.5 million units of IREIT Global, representing a stake of about 11.7% in the REIT.

Read: Soilbuild co-founder sells 1.9 million units of IREIT Global

The following is an analysis of past insider trades made by the substantial unitholder.

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About Author

Ridzwan Rahmat has been analysing Singapore-listed REITs and business trusts, since 2008. For disclosure purposes, Ridzwan is currently vested in Mapletree Greater China Commercial Trust, Mapletree Industrial REIT and Mapletree Logistics Trust.

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