Elite UK REIT has entered into a GBP50 million Murabaha facilities agreement with Malayan Banking Berhad, Singapore Branch, and RHB Bank Berhad.
It’s a deal the REIT's believes to be the first GBP-denominated, sustainability-linked, Shariah-compliant Murabaha facility of its kind.
The 48-month facility, drawn through the REIT's wholly-owned subsidiary Elite Phoenix Limited, was arranged to partially fund the acquisition of five government-leased properties in the UK, refinance existing loans, and support general corporate and working capital needs.
As at 17 August 2026, GBP22 million of the facility had already been drawn to help finance the acquisition, which was completed on the same date.
For unitholders, the significance of this deal extends beyond the headline sustainability and Shariah-compliance credentials.
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