Elite Commercial REIT files preliminary prospectus

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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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