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.

Elite Commercial REIT (Elite C-REIT) called for a trading halt on Monday, 19-Oct-2020 before market open, and lifted the halt at 1pm after it announced its maiden acquisition proposal to buy 58 commercial buildings located across the UK for £212.5mil (S$372.9mil) from its rights-of-first-refusal (ROFR) pipeline of assets from of Elite UK Commercial Fund II at an agreed valuation of £212.5mil.

The 58 assets have a total net lettable area (NLA)

Advertisements