SINGAPORE (April 20): Unitholders of IREIT Global (IREIT) at the EGM held today approved its proposed investment mandate to grow its portfolio beyond the office sector, into the retail and industrial (including logistics) market segments in Europe.

“The 99.98% of votes in favour of the change in investment mandate also demonstrates unitholders’ confidence in Tikehau Capital, which acquired an 80% stake in the manager last November, to help achieve a more diversified portfolio and grow IREIT’s long term stable income,” says manager IREIT Global Group.

Tikehau Capital, a pan-European asset management and investment firm, has over €9.9 billion ($14.9 billion) in assets under management as at DEc 31 2016. Its diversified real-estate portfolio under management is valued at €1.7 billion, and comprises more than 1 million sqm of office, retail and industrial (including logistics) assets spread across France, Germany and Italy.

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