SGX-listed Elite UK REIT Management Pte. Ltd. has successfully closed its private placement, raising approximately £4m. The placement, which concluded on 10 June 2025, was managed by CIMB Bank Berhad, Singapore Branch, Maybank Securities Pte. Ltd., and RHB Bank Berhad, Singapore office, as joint bookrunners and underwriters. The issue price was set at £0.295 per unit after a book-building process.
The private placement attracted significant interest, being oversubscribed with participation from long-only funds, multi-strategy funds, and high-quality private bank clients. A total of 13,560,000 units will be issued, with the issue price representing a 13% discount to the volume-weighted average price of £0.339 per unit on 9 June 2025.
The proceeds from this placement will support Elite UK REIT’s strategic initiatives. The units are expected to commence trading on the Singapore Exchange (SGX) on 19 June 2025, pending approval. Elite UK REIT’s CEO, Liaw Liang Huat Joshua, emphasised the strong market confidence reflected in the oversubscription.
This successful placement underscores the robust demand for investment opportunities within Elite UK REIT, highlighting investor confidence in its growth prospects. The funds raised will enable the trust to pursue further opportunities and enhance its portfolio.
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