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SGX:MXNU

4 stories mentioning SGX:MXNUUpdated just now

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Asia

Elite UK REIT to Raise GBP7 Million Via Private Placement Exercise

Elite UK REIT (SGX:MXNU) is targeting to raise 7.4 million pounds via the placement of new units between 0.296 pounds and 0.300 pounds per unit, according to a Tuesday filing with the Singapore Exchange.Funds raised from the activity will be used to acquire five U.K. government-leased assets and to convert a property in Dundee, Scotland, into student housing.Maybank Securities and RHB Back will be the joint bookrunners and underwriters of the private placement.

SGX:MXNU
Asia

Elite UK REIT to Acquire Five Government-Leased UK Assets

Elite UK REIT (SGX:MXNU) agreed to acquire five UK government-leased properties for 31.9 million pounds, according to a Tuesday filing with the Singapore Exchange.The five properties have a combined area of 364,048 square feet.The deal, conducted through its subsidiary, Elite Kist, will expand the trust's portfolio weighted average lease expiry to 7.6 years.The REIT will fund the acquisitions through a mix of bank borrowings and a private placement exercise, the filing added.

SGX:MXNU
Asia

Elite UK REIT Becomes Part of CPF Investment Scheme

Elite UK REIT's (SGX:MXNU) Singapore dollar-denominated units have been included under the Central Provident Fund Board's CPFIS - Ordinary Account, effective Tuesday, according to a same-day Singapore bourse filing.Following the inclusion, investors can use their CPF ordinary account savings to acquire the REIT's unit listed on SGX.

SGX:MXNU
Asia

Elite UK REIT's Distributable Income Rises 9.8% in Q1

Elite UK REIT's (SGX:MXNU) distributable income rose by 9.8% in the first quarter to 5.3 million pounds from 4.8 million pounds a year earlier, according to a Friday filing with the Singapore Exchange.Net property income declined by 12% to 9.1 million pounds from 10.4 million pounds in the year-ago period.Revenue edged up 1.2% year over year to 9.4 million pounds, backed by portfolio occupancy of 99.9% and weighted average lease expiry of 6.9 years.

SGX:MXNU

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