by: Tam Ging Wien

All examples and stocks quoted here in this article and on the ProButterfly.com and REITScreener.com site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial adviser.

In what could be 2020’s first REIT IPO, Elite Commercial REIT (Elite C-REIT) lodged its preliminary prospectus on the MAS Opera website on 17-Jan-2020 (Fri). This would be the first British Pound (£) denominated REIT listing in Singapore both as the trading currency and DPU payout.

The REIT will be managed Elite Commercial REIT Management Pte. Ltd. with Perpetual (Asia) Limited as the trustee.

From the listing date till FY2021, unitholders