Elite Commercial REIT will list its units on the SGX at a GBP 0.68 per unit, hoping to raise £119.5 million to £131.2 million in the operation.

The IPO's Singapore public offer will run from Jan 28 to Feb 4, and is expected to raise "at least" £3.3 million to £3.9 million, equivalent to some 3 per cent of the total offering size, the term sheet stated.