- We recently went on a tour organised by Elite UK REIT (SGX:MXNU) to visit several of its assets in and near Manchester and Leeds. We met with the local teams managing the properties and gained valuable insights into their usage (primarily as social infrastructure leased to government entities) as well as their daily operations.
On-the-ground assessment of properties leased by largest tenant, Department for Work & Pensions (DWP).
- - Read this at SGinvestors.io -
- Services include job matching, workplace training with local organisations, preparing for interviews, etc. Given the necessity of face-to-face interactions, we noted that the utilisation rate of these centres is considerably high. The Jobcentres are rather uniformly designed and highly functional, with individual booths staffed by work coaches, youth coaches, officers assisting claimants, etc.
- - Read this at SGinvestors.io -
Expansion of mandate to include living sector allows REIT to capitalise on opportunities.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Tabitha FOO DBS Group Research | Derek Chang DBS Research | Dale LAI DBS Research | https://www.dbs.com/insightsdirect/ 2024-05-28
Read also DBS's most recent report:
2025-02-12 Elite UK REIT - Turning A Corner; Upgrade To BUY.
Price targets by 2 other brokers at Elite UK REIT Target Prices.
Listing of research reports at Elite UK REIT Analyst Reports.
Relevant links:
Elite UK REIT Share Price History,
Elite UK REIT Announcements,
Elite UK REIT Dividend Payout Dates & Corporate Actions,
Elite UK REIT News
