IREIT Global’s manager announced on May 17 that it had secured a lease extension of six years with GMG Generalmietgesellschaft mbH (GMG), a subsidiary from Deutsche Telekom and the sole tenant at Bonn Campus, for 100% of the property starting from May 2023. Further to the automatic 12-month extens...

EUROPE-FOCUSED real estate investment trust IReit Global has secured a lease extension of 6 years from its sole tenant at Bonn Campus in Germany, for 100 per cent of the property starting from May 2023.

THE following companies saw new developments that may affect trading of their securities on Tuesday (May 17):

EUROPE-FOCUSED IReit Global flagged a possible slowdown in the region’s office letting and investment activity, as the outbreak of war between Ukraine and Russia as well as rising interest rates and inflation have led to “significant economic and geopolitical uncertainty”.

As at 9.21am, units in IREIT Global are trading 0.5 cent lower or 0.78% down at 63.5 cents.

Amid the uncertainties due to the ongoing war in Ukraine, DBS Group Research analysts Yeo Kee Yan and Janice Chua have kept their year-end Straits Times Index (STI) target of 3,550 points. The target is pegged to slightly below a 13.2x average FY2023 P/E. The way Yeo and Chua see it, the three Sin...

EUROPE-FOCUSED IReit Global UD1U posted a 7.9 per cent rise in distribution per unit (DPU) to 1.50 euro cents (22 Singapore cents) late on Friday (Feb 25), up from 1.39 euro cents for the half-year ended Dec 31, 2021.

Sponsor group Pegasus Asia, consisting of alternative asset manager Tikehau Capital, Financière Agache — the family office of LVMH Group controlling shareholder Bernard Arnault as well as individuals Diego De Giorgi and Jean-Pierre Mustier, has launched its initial public offering (IPO) and is on...

IREIT Global has secured a 5-year lease from a tenant for 5 floors of office space in its Munster Campus building in Germany, the real estate investment trust's (Reit) manager said on Friday (Nov 26).

IREIT Global has secured a 5-year lease from a tenant for 5 floors of office space in its Munster Campus building in Germany, the real estate investment trust's (Reit) manager said on Friday (Nov 26).