A new REIT is coming to town; Elite Commercial REIT (the REIT) had lodged its prospectus with the Monetary Authority of Singapore on Friday (17 Jan 2020) and it is likely going to be the first listing on the Singapore Exchange (SGX) for the year 2020. It is also the first Sterling Pound (GBP) denominated REIT on the SGX. Let us have a brief look on it. Brief Overview There is a total of 97 properties in the REIT, scattered across the entirety of Great Britain (England, Scotland and Wales), out of which 96 are freehold, and the remaining one is on leasehold up to the year (get this) 2255. Over 99% of the gross rental income comes from the government of the United Kingdom (U.K.), specifically from the Department of Work and Pensions (DWP), which is the largest public service department and it administers the State Pension and benefits for 20...