To reflect this broader investment strategy, ECR plans to change its name to Elite UK REIT down the road at a date to be determined.
Lock Mun Yee and Natalie Ong of CGS International have kept their "add" call and £0.38 target price for Elite Commercial REIT, following its intention to broaden its investment mandate to include so-called living sector properties.
On April 15, the REIT, which holds a portfolio of commercial properties in the UK largely rented to the local government, will be widening its portfolio mix to include purpose-built student accommodation (PBSA), built-to-rent residential (BTR), senior living and social housing and other government housing.
