Logo from IREIT Global

IREIT’s portfolio occupancy slightly rises to 90.4% in 3Q23

In 2Q23, occupancy was at 88.7%.

SGX-listed IREIT Global saw a slight improvement in its portfolio occupancy in 3Q23, rising to 90.4% from 88.7% in the previous quarter.

In a bourse filing, the REIT attributed its higher portfolio occupancy to the addition of 17 retail properties in France occupied by European discount retailer B&M Group (B&M Portfolio) and higher occupancy of its Spanish portfolio.

New bank borrowings drawdown for the B&M Portfolio acquisition also pushed the REIT’s aggregate leverage up to 34.4% from 33.1% in 2Q23.

Meanwhile, the REIT’s weighted average lease expiry (WALE) stood at 4.9 years, lower than the 2Q23 record of 5.0 years.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Singapore net inflows hit $263.18m in 3Q23
Equity and fixed-income funds reported inflows during the quarter.
OCBC enables customers to lock money in their accounts
Locked funds cannot be used for payments, investments, and ATM withdrawals.


Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Trust Bank sets the bar for digital banking in Asia Pacific
The digital bank targets to be Singapore's fourth largest retail bank, CEO Dwaipayan Sadhu said.
How brands can avoid inauthentic nostalgia marketing
A GlobalData expert flag inauthenticity in using throwback marketing and cite brand campaigns that are winning hearts.