by: Tam Ging Wien
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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)