--- title: S-REITs - Week 48 - 2024 description: "Weekly S-REIT recap: Elite UK REIT divests Hilden House, Mapletree Logistics Trust sells two Japan properties, iREIT Global secures 20-year lease with Premier Inn, and more." --- [Skip to content](https://reitsavvy.com/insights/s-reits-week48-2024#main-content) [![op can-4](https://reitsavvy.com/hs-fs/hubfs/op%20can-4.png?width=7114&height=2442&name=op%20can-4.png)](https://reitsavvy.com/) ![menu-toggle](https://21645388.fs1.hubspotusercontent-na1.net/hubfs/21645388/menu-toggle.svg) ![menu-close](https://21645388.fs1.hubspotusercontent-na1.net/hubfs/21645388/menu-close.svg) ![menu-toggle](https://21645388.fs1.hubspotusercontent-na1.net/hubfs/21645388/menu-toggle.svg) ![menu-close](https://21645388.fs1.hubspotusercontent-na1.net/hubfs/21645388/menu-close.svg) - [Home](https://reitsavvy.com) - [What's a REIT](https://reitsavvy.com/what-is-reits) - [S-REITs Overview](https://reitsavvy.com/s-reits-overview) - [REITsavvy Subscription](https://reitsavvy.com/reits-screener) - [REITsavvy Screener Login](https://screener.reitsavvy.com/) - [REITsavvy Insights](https://reitsavvy.com/insights) - [Events](https://reitsavvy.com/events) - [About Us](https://reitsavvy.com/about-us) - [Home](https://reitsavvy.com) - [What's a REIT](https://reitsavvy.com/what-is-reits) - [S-REITs Overview](https://reitsavvy.com/s-reits-overview) - [REITsavvy Subscription](https://reitsavvy.com/reits-screener) - [REITsavvy Screener Login](https://screener.reitsavvy.com/) - [REITsavvy Insights](https://reitsavvy.com/insights) - [Events](https://reitsavvy.com/events) - [About Us](https://reitsavvy.com/about-us) [S-REIT Weekly Recap](https://reitsavvy.com/insights/tag/s-reit-weekly-recap), [2024](https://reitsavvy.com/insights/tag/2024) # S-REITs - Week 48 - 2024 [By- REITsavvy Team,](https://reitsavvy.com/insights/author/reitsavvy-team) ![Weekly_Banner](https://reitsavvy.com/hs-fs/hubfs/Others/Generic/Weekly_Banner.png?width=762&height=278&name=Weekly_Banner.png) Let's have a quick dive into this week REITs update from Elite UK REIT, Mapletree Logistics Trust, iREIT Global, Digital CORE REIT **S-REITs Recap - Week 48** ** 25 Nov - 1 Dec 2024** | **Elite UK REIT** | | --- | | **( YTD: +7.14% \| 5D: +1.69%)** | |  25 Nov - Entry Into Contract To Divest Hilden House, Warrington - Contract of sale to divest Hilden House, Warrington at Winmarleigh Street, Warrington, subject to conditions precedent, for £3,281,500 - The Sale Consideration represents a 6% premium above its valuation of £3,100,000 as at 30 June 2024, based on an independent valuation conducted by CBRE Limited - Net proceeds from the Proposed Divestment will be used to repay debt - The Property is currently vacant and the Proposed Divestment is not expected to have a material impact on Elite UK REIT’s net asset value and distribution per unit for the financial year ending 31 December 2024. For more information, please click [here](https://investor.elitecreit.com/newsroom/20241127_072854_MXNU_OI1BTZEKM91S6QE1.1.pdf) | | ** Mapletree Logistics Trust** | | --- | | **( YTD: -26.44% \| 5D: +2.40%)** | | 27 Nov - Mapletree Logistics Trust to Divest Two Properties in Japan - Entered into Sale and Purchase Agreements with a third party buyer for the proposed divestment of Toki Centre and Aichi Miyoshi Centre in Japan for a total sale price of JPY4,250 million, or approximately S$37.5 million 1 (the “Divestment”). - The Divestment has been completed today. - Toki Centre, located in Gifu prefecture, is a two-storey warehouse with a net lettable area of 16,545 square metres and building age of approximately 16.8 years. The sale price of JPY2,425 million is 9.2% above the latest valuation of JPY2,220 million as at 31 October 2024. - Aichi Miyoshi Centre, located in Aichi prefecture, is a four-storey warehouse with a net lettable area of 6,723 square metres. The property is approximately 17.7 years old. The sale price of JPY1,825 million is 7.4% above the latest valuation of JPY1,700 million as at 31 October 2024. For further information, please click [here](https://www.mapletreelogisticstrust.com/~/media/MLT/Newsroom/Press%20Releases/2024/Nov/20241127-MLT_Japan%20Divestment_final.pdf) | | **iREIT Global** | | --- | | **( YTD: -30.86% \| 5D: -1.75%)** | | 28 Nov - IREIT Secures A 20-Year Hospitality Lease Contract With UK's Largest Hotel Chain, Premier Inn, In Berlin Campus To Operate 270 Rooms - 20-year long lease contract with built-in step-up rents, annual indexations and no break option - Repositioning of Berlin Campus into a mixed-used asset enables IREIT to reach another diversification milestone by entering into the hospitality sector - Support from joint sponsors, Tikehau Capital and City Developments Limited, on the repositioning initiative and signing of the hospitality lease For further information, please click [here](https://investor.ireitglobal.com/newsroom/IREIT_Signing_of_Hospitality_Lease_Press_Release.pdf) | | **Digital CORE REIT** | | --- | | **( YTD: -4.65% \| 5D: +1.65%)** | | 28 Nov -  Responses to Unit holders on Relevant Questions raised on 4 December 2024 EGM - Response to unit holders in regards to Acquisition Size, Valuation, Discount to Valuation For further information, please click [here](https://s28.q4cdn.com/669718746/files/doc_news/2024/11/Responses-to-Substantial-Questions-FINAL-28-Nov-2024.pdf) | | **STI Index constituents** | | --- | | **REITs in STI** | | Frasers Centrepoint Trust 18 Mar 2024 | | CapitaLand Ascendas REIT | | CapitaLand Integrated Commercial Trust  | | Frasers Logistics & Commercial Trust | | Mapletree Industrial Trust | | Mapletree Logistics Trust | | Mapletree Pan Asia Commercial Trust | |   | | **REITs in STI Reserve List** | | Keppel DC REIT | | Keppel REIT | | Suntec REIT | | **REITracker Highlights** | | | --- | --- | | **REIT Name** | **Status** | | Keppel Pacific Oak US REIT | Halt Dividend since 14 Feb 2024 | | Manulife US REIT | Halt Dividend since 14 Aug 2023 | | Sabana REIT | Proposed Internalization is in progress since 17 Aug 2023 | | Lippo Malls Indonesia Retail Trust | Halt Dividend since 20 Mar 2023 | | EC World REIT | Halt Trading since 31 March 2023 | | Eagle Hospitality Trust | Halt Trading since 24 March 2020 | | **Exclusive REITsavvy Newsletter** | | --- | ##### Gain financial insights on REITs in minutes The newsletter that keeps you up-to-date on REITs in minutes.   ![op can-4](https://reitsavvy.com/hubfs/op%20can-4.png) **[Insights](https://reitsavvy.com/insights)** **[REITs Screener](https://screener.reitsavvy.com/)** Unless otherwise specified, all return figures shown above are for illustrative purposes only, are not actual customer or model returns and are not indicative of future performance or results. 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