Elite UK REIT divests Wales property for $1.2m

This is at an 18% premium valuation.

The manager of Elite UK REIT has announced that it has divested the Crown Buildings, Caerphilly at Claude Road, Caerphilly, CF83 1WT for $1.2m (£710k).

The sale consideration represents an 18% premium above its valuation of £600k as of 31 December 2024, based on an independent valuation conducted by CBRE Limited. Net proceeds from the Divestment will be used for the repayment of Elite UK REIT’s outstanding borrowings.

The group said the property was vacant, and the 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 2025.

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