The IPO for Elite Commercial REIT (‘Elite CREIT’) is finally open for application!

The REIT looking to raise gross proceeds of 130.9m by offering 114,686,200 units at £0.68 (SGD 1.21) each, of which 5,734,300 units available for the public offering. The timeline of the IPO is set out as below:

Timeline
28 Jan 2020 @ 9pm – IPO open for application
4 Feb 2020 @ 12pm – IPO application closure
5 Feb 2020 – Balloting of application for IPO
6 Feb 2020 @ 2pm – Trading commences on SGX market

You may access the prospectus from MAS OPERA via the link below.

Elite Commercial REIT – Final Prospectus/Product Highlights

I will do a recap based on my previous post, then expand on it in this article based on new info available.

Previous post: Elite Commercial REIT IPO – Early Look

Updated Summary / Recap
Pure-play UK-focused REIT, focusing on office assets. Market Cap of 230m at launch.Portfolio consists of 97 freehold properties all located in