by: Tam Ging Wien

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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