The manager of the proposed Elite Commercial REIT has filed a preliminary prospectus to list on the Singapore Exchange (SGX).
It will be the first UK-focused Singapore REIT.
Over 99.0% of Elite Commercial REIT's property portfolio is leased to the UK Government.
The REIT will be denominated in GBP instead of SGD.
The REIT’s portfolio is 100% occupied with a weighted average lease expiry (WALE) of 8.6 years.
Elite Commercial REIT’s initial portfolio will comprise 97 commercial buildings.
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