COMMERCIAL PROPERTY | Staff Reporter, Singapore

Elite Commercial REIT completes maiden portfolio acquisition

Over 131.4 units were issued at £0.68 per new unit.

Elite Commercial REIT has finished the acquisition of 58 commercial buildings across the United Kingdom, the company announced.

Over 131.4 new units have also been issued today to Elite UK Commercial Fund II at an issue price of £0.68 per unit as partial consideration for the acquisition.

Upon receipt of the consideration units, Elite UK Commercial Fund II will do a distribution in specie of such consideration units to its investors.

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