Readers would know that Ireit is currently my biggest position in the portfolio so I do look out for their news. Earlier this year in May, there was an announcement for sale of the manager to Tikehau Investment Management which brings quite a bit of question marks as to what is going to happen should the sale go through. Yesterday, there was an updated announcement to conclude the sale for the share purchase agreement with Tikehau where they would acquire 80% of the issued shares while the rest of the 20% shares would be held by Tong Jin Quan. The agreement also has a mandate for Mr. Itzhak Sella (Chief Executive Officer) and Ms. Adina Cooper (Chief Investment Officer) to resign upon the completion of the agreement. My feeling is that they would rather bring someone they have in the group to manage the Reit for better connectivity with the ...