Elite REIT’s raises $47.5m from oversubscribed preferential offering

Its offering had a subscription rate of 121.1%.

Elite Commercial REIT raised £28m ($47.5m) from its oversubscribed preferential offering.

The REIT offered 103,354,690 units to its existing unitholders at a ratio of 214 preferential offering units for every 1,000 existing units in Elite REIT at an issue price of £0.27 ($0.46) per preferential offering unit.

At the close of its preferential offering on 10 January, the REIT received valid acceptances of pro rata provisional allotments and applications for excess preferential offering units totalling 125,225,541 preferential offering units.

The total valid acceptances translates to an overall subscription rate of approximately 121.2%, based on the preferential offering units available.

Follow the link for more news on

Elite Commercial Reit

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia