Sign in to continue:

Sunday, February 15th, 2026
Market Updates

Elite UK REIT Divests Sidlaw House for 41.7% Premium Amid Strategic Portfolio Shift

Posted on October 4, 2024 at 7:45 am (GMT+8)

637
Views
Share on Facebook
Share on Twitter

Date of Report: October 3, 2024
Broker: Maybank Research Pte Ltd

Divestment Announcement

Elite UK REIT has announced the divestment of Sidlaw House, located in Dundee, as part of its strategic portfolio management.

Sale Details

The property is currently vacant and has a sale consideration of GBP1.275 million (approximately SGD2.2 million). This sale consideration represents a significant 41.7% premium above its independent valuation of GBP900,000 as of June 30, 2024, conducted by CBRE Limited.

Financial Impact

The net proceeds from the divestment are intended to be used for repaying the REIT’s outstanding borrowings. Despite this strategic move, the group anticipates that the divestment will not have a material impact on Elite UK REIT’s net asset value and distribution per unit for the financial year ending December 31, 2024.

This information is extracted from the October 3, 2024, Maybank Research Pte Ltd report.

Related Posts

Bursa KLSE stocksMarket Updates

&&RHB Bank Eyes 8% Upside with Strong NIM Recovery and Highest Earnings Growth Potential&&
minichart
September 18, 2024

Date: September 17, 2024Broker: Maybank Investment Bank Berhad Stock Overview Current Share Price: MYR 6.30 Market Capitalization: MYR 27,465 million Target Price: MYR 6.80 Potential Upside: 8% Valuation Metrics Price-to-Earnings Ratio (PER): CY24E: 9.0x...

Market UpdatesSingapore SGX stocks

Mapletree Pan Asia Commercial Trust: Resilient Singapore Assets Offset Overseas Headwinds | Add Rating Maintained
minichart
January 27, 2025

Comprehensive Analysis of Singapore REITs by CGS International | January 27, 2025 Comprehensive Analysis of Singapore REITs Broker Name: CGS International Securities Date of Report: January 27, 2025 Mapletree Pan Asia Commercial Trust (MPACT):...

Market UpdatesSingapore SGX stocks

Pan-United Corporation (PUC)
Minichart
August 30, 2024

Pan-United Corporation (PUC) is a leading Asian multinational corporation specializing in high-performance concrete solutions and technologies. The company has a significant presence in Singapore’s construction sector, providing innovative and sustainable building materials. 1H24 Financial...

   Ad