- IREIT Global (SGX:UD1U)'s operational update (3Q) delivered no major surprises. Key catalyst remains the ongoing transformation of the Berlin Campus, and expected signing of a major office tenant which is likely to happen by 1Q26. IREIT is likely to then monetise part of the asset de-risking debt concerns and unlock capital for potential acquisitions.
- - Read this at SGinvestors.io -
- Valuation is attractive, with IREIT Global's share price trading at ~50% discount to book value.
In active discussion with two major tenants.
- In active discussion with two major tenants looking to take the majority of office space (~70% of the repositioned Berlin campus). These tenants are “AAA” rated and looking at taking a very long lease, with IREIT Global planning to secure a tenant by 1Q26.
- - Read this at SGinvestors.io -
Refinancing of EUR200m German portfolio debt completed.
- Read more at SGinvestors.io.
