Elite UK REIT has entered into new lease agreements with the UK government worth GBP24.3 million in annual rent, improving its lease expiry profile and extending the WALE of its portfolio to 7.2 years.
The manager of Elite UK REIT announced on 5 February 2026 that it had concluded negotiations with The Secretary of State for Housing, Communities and Local Government of the United Kingdom for properties occupied by the Department for Work and Pensions.
The new lease agreements will commence in 2028, immediately following the expiry of existing agreements.
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