Singapore (Mar 13): Elite Partners Capital, the sponsor of Elite Commercial REIT, is likely to launch the IPO of a second REIT by the end of this year or early next year, if everything goes according to plan.

“We hope to pick a time so that the listing ben­efits investors, and for the REIT IPO to be done well, if it’s a REIT listing,” says Victor Song, man­aging director of Elite Partners Capital.

The potential REIT portfolio is in Elite Logistics Fund which has just completed its first close with a target equity size of EUR150 million ($236.2 mil­lion) and four million sq ft of logistics assets. The properties are in Warsaw, Lodz, Gdansk and the UK.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook