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Elite UK REIT: Strengthens Counter-Cyclical Portfolio With GBP9.2 Million Acquisition Of 3 Government-Leased Properties.
10 Jun 2025 10:38New Properties have a long weighted average lease to expiry of 7.4 years. Tenancy diversification benefits include a new tenant, the Department for Environment, Food and Rural Affairs and additional revenue generated from an existing tenant, the Home Office. Proposed Acquisition brings 0.6% accretion to Distribution per unit on a pro forma basis and continues the Manager's strategy to reduce portfolio gearing. Funded by a Private Placement to institutional, accredited and other investors, redeployment of net divestment proceeds and existing debt facilities...
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Source: ShareInvestor Express