S-REITs - Week 48 - 2024

( 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.

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( 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.

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( 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

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( 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

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