Elite Commercial REIT has strengthened its capital structure and is expanding its investment strategy in the United Kingdom under its manager’s new CEO Joshua Liaw. He explains the approach.
For Joshua Liaw, Chief Executive Officer of Elite Commercial REIT (Elite REIT), its portfolio of 150 properties across the United Kingdom (UK) holds immense potential. “We plan to unlock the underlying value of the assets through repositioning or changing the use of some of the assets,” he says.
Most of Elite REIT’s properties are leased by the UK government’s Department for Work and Pensions (DWP), which uses them primarily as Jobcentre Plus. “If you live in the UK and lose your job and require financial assistance to tide you over and help to match yourself with new employment, or want job coaching services, you can walk into one of the Jobcentres located all around the UK and get the assistance you need.”...