The Singapore real estate investment trust (REIT) market could see a new kid on its block.

Elite Commercial REIT lodged its preliminary prospectus on 17 January, and it could become the first REIT initial public offering (IPO) in 2020.

Here’s what we know about Elite Commercial REIT’s IPO so far.

TL;DR: Elite Commercial REIT’s IPO Deets

Here are some details about Elite Commercial REIT:

Elite Commercial REIT is a commercial REIT with a focus on office assets in the UK. The REIT’s initial portfolio will contain 97 commercial properties located across the country. More than 99% of the portfolio is leased out to the UK Government via The Secretary of State for Housing, Communities and Local Government. The portfolio has a 100% occupancy. Growth for the REIT can come from rental increases and acquisitions.

(Note: As Elite Commercial REIT’s final IPO prospectus is not out yet, some details are

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