At the issue price of £0.68 per unit, it represents a 3.8% premium over the current unit price.
Elite Commercial REIT plans to issue up to 131.4 million new units at £0.68 per unit to Elite UK Commercial Fund II as partial consideration for the proposed £212.5 million acquisition of 58 UK commercial buildings.
The vendor is Elite Bushel Holding, a subsidiary of Elite UK Commercial Fund II.
