Looking for an IPO on the Singapore market, Elite Commercial REIT has filed its preliminary prospectus. The trust will have 97 properties in the UK, valued at about 319.1 million GBP, all (except one) freehold and almost fully leased to the British government (more precisely the Ministry of Housing, Communities & Local Government for its JobCentre Plus).

It will be the first trust on the Singapore market trading and paying dividend in British Pounds.