trending Market Intelligence /marketintelligence/en/news-insights/trending/3R2aVc_8QLprTsdCfHbLHg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Elite Commercial REIT seeks £150M from Singapore's 1st IPO in 2020

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Elite Commercial REIT seeks £150M from Singapore's 1st IPO in 2020

Elite Commercial REIT is aiming to raise approximately £150 million from what could be the first listing on the Singapore stock exchange in 2020, The (Singapore) Business Times reported Jan. 9.

The company, which will be the first British pound-denominated REIT to list in the city-state, is expected to file its IPO prospectus next week, according to the publication, as well as The Edge Singapore's Jan. 7 report.

An Elite Partners Capital representative also told REITsWeek that work is underway for the submission. However, the Jan. 8 report noted that the IPO-hopeful property cannot disclose more details just yet because of confidentiality concerns.

Elite Commercial owns a roughly £320 million portfolio comprising 97 freehold properties across the U.K.

According to The Business Times and The Edge, about 99% of the company's properties are leased to the Jobcentre Plus unit of the U.K. government's Department for Work and Pensions. Both publications also added that the yield for the IPO will likely be within the 6% to 7% range.