THE manager of Elite Commercial Reit on Monday posted a distribution per unit (DPU) of 1.23 pence (S$0.02) for its third quarter, which is 1.7 per cent higher than what it had forecast in its listing prospectus.

UOB Kay Hian’s Loke Peihao and Nicola Ho have re-initiated coverage of Ho Bee Land with a “buy” rating and a target price of $3.32.  They cite a “solid recurring income base backed by quality office assets from gateway cities” in London and Singapore. Recurring earnings from investmen...

CGS-CIMB’s Lock Mun Yee and Darren Ong have maintained their “add” call on Elite Commercial REIT at an unchanged target price of 78.1 British pence ($1.37) after its acquisition of over 50 additional commercial properties.  The REIT earlier announced that it has entered into a conditional...

ELITE Commercial Reit has proposed to buy 58 commercial buildings located across the UK for £212.5 million (S$372.9 million), in its first acquisition since its initial public offering (IPO) this February.

Elite Commercial REIT has acquired 58 commercial buildings across the UK, its first acquisition since its listing on the mainboard of the Singapore Exchange (SGX), announced its manager. On Oct 19, Elite Commercial REIT entered into a conditional share purchase agreement with Elite Bushel Holding, a...

ELITE Commercial Reit has proposed to buy 58 commercial buildings located across the UK for £212.5 million (S$372.9 million), in its first acquisition since its initial public offering (IPO) this February.

The manager of Elite Commercial REIT announced that its primary tenant – the UK’s Department of Work and Pensions (DWP) – will be expanding its team in light of recent developments in UK. DWP is actively hiring more staff to work in the REIT’s portfolio, as part of its drive to double the nu...

THE manager of Elite Commercial Reit - a UK-focused real estate investment trust (Reit) - on Wednesday said its portfolio of properties is facing an increase in demand for office space in a counter-cyclical fashion to the rest of the market.

Investment activities in Singapore amounted to US$443.1 million ($600.8 million) in the first nine months of the year, down 39.9% from the same period a year ago. The slowdown follows the uncertainties from the Covid-19 health-turned-economic crisis, Financial market data provider Refinitiv reveals ...

The manager of Elite Commercial REIT has completed an internal restructuring on September 7. Elite Partners Holdings, the majority shareholder, has had its stake reduced to 68% from 85% previously. Sunway RE Capital’s stake remains the same at 15%, and Jin Leng Investments, the investment vehicle ...