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.
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.
