Elite UK REIT prices placement at floor, raising questions over investor appetite

Elite UK REIT has closed a GBP7.4 million private placement at GBP0.296 per unit.

This is the very minimum of its indicated price range, which likely reflects lukewarm rather than robust investor demand, despite the book being oversubscribed.

The placement, which was launched and closed on 16 June 2026, will issue 25 million new units to institutional, accredited and other investors.

The units are expected to commence trading on the Singapore Exchange (SGX) on 25 June 2026.

The proceeds are earmarked for two purposes.

Related: Elite UK REIT to acquire five government-leased properties for GBP31.9 million as it eyes first student accommodation