Elite REIT’s raises $47.5m from oversubscribed preferential offering

Its offering had a subscription rate of 121.1%.

Elite Commercial REIT raised £28m ($47.5m) from its oversubscribed preferential offering.

The REIT offered 103,354,690 units to its existing unitholders at a ratio of 214 preferential offering units for every 1,000 existing units in Elite REIT at an issue price of £0.27 ($0.46) per preferential offering unit.

At the close of its preferential offering on 10 January, the REIT received valid acceptances of pro rata provisional allotments and applications for excess preferential offering units totalling 125,225,541 preferential offering units.

The total valid acceptances translates to an overall subscription rate of approximately 121.2%, based on the preferential offering units available.

Follow the link for more news on

Elite Commercial Reit

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia