IREIT property, Sant Cugat Green. (Photo: IREIT Global)

Bond Capital Partners has increased its stake in IREIT Global in an off-market deal that netted the former a discount of almost 5% off the prevailing market price for the day.

The transaction was carried out on 30 September via a private sale-and-purchase agreement between Bond Capital and the manager of IREIT Global.

Bond Capital first became a unitholder in IREIT Global in mid-2021 as part of an equity fund raising exercise to finance the acquisition of the REIT’s Decathlon portfolio in France.

Related: IREIT Global sees 151% subscription rate for equity fund raising exercise

Dear members, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.