IREIT Global ("IREIT" or the "Fund") is the first REIT established with the investment strategy of investing in a portfolio of income-producing office-related real estate in Europe. The initial portfolio will be in Germany and the Fund is offering 167.733m units @ $0.88 per unit to investors subject to over-allocation of 11.36m units. The public offer will end on 11 August 2014 at 12pm and starts trading on 13 August 2014 at 2pm. The public tranche will have 11.36m and the placement tranche 156.373m units. The market cap will be $536.1m
The 4 offices are located in 4 different cities in Germany and the details of the initial portfolio are listed in the table above.
Yield
Given the stability of rental income, the financial statements and forecast is highly predictable which is the beauty of commercial REIT.
The Fund is projected to yield ...
