IREIT Global | REIT Profile

Symbol: UD1U
Exchange: SGX
Founded: 2013 (11 years)
HQ: Singapore, Singapore
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office

See UD1U on Yahoo Finance

First Singapore-listed real estate investment trust (REIT) established with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing real estate in Europe which is used primarily for office, retail and industrial (including logistics) purposes, as well as real estate-related assets. Its portfolio currently consists of five quality freehold office properties in Germany, valued at €463.1 million (as at 31 December 2017). Major tenants include GMG, a wholly-owned subsidiary of Deutsche Telekom, and Deutsche Rentenversicherung Bund. Strategically located in the cities of Berlin, Bonn, Darmstadt, Munich and Münster, the properties, with an aggregate net lettable area of 200,673 sqm and 3,441 carpark lots, are almost fully let. Managed by IREIT Global Group Pte. Ltd., a subsidiary of pan-European asset management and investment firm Tikehau Capital. Under the wing of Tikehau Capital, IREIT plans to further grow and diversify its portfolio in Europe by tenant, country, lease expiry and asset class.