I have been wanting to invest in UK properties for some time, as I have the view that Brexit is good for UK. I was looking for Reits listed in UK, but did not find any that I like. This latest IPO will give me the opportunity to put my thoughts into action, and without hassle of managing lawyers, real estate agents, bankers, and renovation contractors.
Prospectus : https://eservices.mas.gov.sg/opera/Public/CIS/ViewProsDetail.aspx?prosID=303e9f1cb69c4a7595417979e42e6a62
There have been many good blogs online on this topic already. These are my preferred:
- https://www.probutterfly.com/blog/first-impressions-of-elite-commercial-reit
- https://investmentmoats.com/money-management/reit/elite-commercial-reit-ipo-look/
- https://financialhorse.com/elite-commercial-reit-ipo-review-7-1-yield-backed-by-the-uk-government-too-good-to-pass-up/
What I do not like:
- Unknown track record of the sponsors
- These properties were probably transacted at 13% lower in 2018.
What I like
- Tenant is UK government
- Management fee structure is aligned with unit holders
Application is through internet banking. Closing date on 4 Feb Sat Tue.
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