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The latest update is out from Elite Commercial REIT ( (SG:MXNU) ).
Elite UK REIT has received planning approval to convert Lindsay House in Dundee, Scotland, into a 168-bed purpose-built student accommodation (PBSA), marking its first venture into this asset class. The project, managed by Mys Asset Management Limited, is expected to significantly increase the property’s value and yield, with completion targeted before the academic year starting in September 2027, enhancing the REIT’s portfolio and market position.
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 UK REIT is a real estate investment trust focused on the UK market, specializing in repositioning properties for various uses, including student accommodations. The company is managed by Elite UK REIT Management Pte. Ltd., which oversees its operations and strategic developments.
Average Trading Volume: 241,491
Technical Sentiment Signal: Buy
Current Market Cap: £210.4M
For detailed information about MXNU stock, go to TipRanks’ Stock Analysis page.