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The latest announcement is out from Elite Commercial REIT ( (SG:MXNU) ).
Elite Commercial REIT has entered into a new property management agreement with Elite Real Estate Services UK Ltd as part of its acquisition of three government-leased properties in the UK. The agreement, effective for five years, outlines various fees for property, lease, marketing, and project management services. The total estimated value of the agreement, combined with the purchase consideration, is approximately £9.3 million, representing 3.9% of the REIT’s net tangible assets as of December 2024. The audit and risk committee and independent directors have deemed the terms of the acquisition and agreement to be commercially reasonable and not detrimental to minority unitholders.
The most recent analyst rating on (SG:MXNU) stock is a Buy with a £0.35 price target. To see the full list of analyst forecasts on Elite Commercial REIT stock, see the SG:MXNU Stock Forecast page.
More about Elite Commercial REIT
Elite Commercial REIT is a real estate investment trust based in Singapore, managed by Elite UK REIT Management Pte. Ltd. The company focuses on acquiring and managing government-leased properties in the United Kingdom.
Average Trading Volume: 269,108
Technical Sentiment Signal: Buy
Current Market Cap: £195.2M
Find detailed analytics on MXNU stock on TipRanks’ Stock Analysis page.