- Elite UK REIT (SGX:MXNU) is a recession-resistant counter-cyclical yield play. It has expanded its investment strategy beyond social infrastructure to living assets, such as PBSA and rental housing.
- - Read this at SGinvestors.io -
Broader mandate encompassing social infrastructure and PBSA.
- Elite UK REIT has expanded its investment strategy to a wider range of asset classes within the UK. It continues to focus on social infrastructure assets, such as Jobcentres and government infrastructure and workspaces.
- - Read this at SGinvestors.io -
Expansion into PBSA.
- Elite UK REIT intends to redevelop Lindsay House at Dundee, Scotland and Newport Road in Cardiff, Wales into PBSA. Lindsay House is near Dundee University and could be converted into a 120-bed PBSA. Newport Road is near Cardiff University and could be redeveloped into a 298-bed PBSA.
- Elite UK REIT intends to submit applications for planning approval as early as 1H25. Sponsor Sunway RE Capital owns five PBSA assets in four cities, namely Bristol, Manchester, Sheffield and Southampton, which form an acquisition pipeline for PBSA.
Expanded roles in employment services and fraud prevention.
- Read more at SGinvestors.io.
