SINGAPORE (Feb 17):  Victor Song was all smiles after Elite Commercial REIT (Elite REIT) got off to a flying start in its trading debut on Feb 6. Singapore’s first sterling-denominated REIT with a focus on assets in the United Kingdom opened at GBP0.705, 3.7% higher than its IPO price of GBP0.68. The counter later ended its first trading session at GBP0.71. “I’m very happy for our share price to pop on Day 1 and there is sufficient volume to support this… The REIT’s success is based on the strong support we received,” says Song, managing director of Elite Capital Partners, the sponsor of Elite REIT.

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