News about Elite UK REIT —
Elite UK Reit to buy five government-leased UK properties for £31.9 million
The manager of Elite UK Reit on Tuesday (Jun 16) said that it is set to buy five freehold and virtual freehold government-leased properties across the UK for £31.9 million (S$55 million)....read more on The Business Times
The real estate investment trust (Reit) is also embarking on a £19 million conversion of its Lindsay House property in Dundee, Scotland, into a purpose-built student accommodation facility.
The Reit manager said that it expects the transaction to be 1.3 per cent accretive to its distribution per unit (DPU), raising its pro forma DPU as at Dec 31, 2025, from £0.03011 to £0.03051.