Elite Commercial REIT (SG:MXNU) has released an update.
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Elite Commercial REIT has successfully divested Sidlaw House in Dundee at a significant 41.7% premium above its valuation, fetching a sale price of £1,275,000. The proceeds will go towards repaying the REIT’s outstanding borrowings, and the sale is expected to leave the net asset value and distribution per unit for the fiscal year unaffected.
For further insights into SG:MXNU stock, check out TipRanks’ Stock Analysis page.