The acquisition is expected to benefit the REIT's unitholders with an attractive DPU accretion of 3.2%, says the manager.
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Elite Commercial REIT has acquired 58 commercial buildings across the UK, its first acquisition since its listing on the mainboard of the Singapore Exchange (SGX), announced its manager.
On Oct 19, Elite Commercial REIT entered into a conditional share purchase agreement with Elite Bushel Holding, a subsidiary of Elite UK Commercial Fund II, to acquire 100% of the share capital in Elite Amphora and Elite Cask (target SPVs).
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