Elite Commercial REIT Makes First Acquisition

News about Elite Commercial REIT

Elite Commercial REIT is announcing it's first asset acquisition, a portfolio of 58 British properties sold by its sponsor for a total of £212.5 million. Primarily occupied by UK government entities, the fully-leased properties have a long WALE of 7.4 years and are mostly freehold.

Financing will be done through debt and the issuance of new units. The manager expects the operation be to DPU accretive.

Elite Commercial REIT
Price0.665 GBP
NAV0.600 GBP
Gearing33.1%