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The latest update is out from IREIT Global ( (SG:UD1U) ).
IREIT Global has successfully secured two new leases in Spain, totaling approximately 5,200 square meters, which will increase its overall occupancy rate from 77% to 83%. The first lease involves an expansion by a leading data centre operator in Sant Cugat Green, making it the largest tenant in the building. The second lease is with a rapidly growing Spanish company in Parc Cugat Green, which brings the building to full occupancy and improves its weighted average lease break. These developments are part of IREIT’s ongoing efforts to enhance the occupancy and yield of its Spanish properties, strengthening its market position.
The most recent analyst rating on (SG:UD1U) stock is a Hold with a S$0.33 price target. To see the full list of analyst forecasts on IREIT Global stock, see the SG:UD1U Stock Forecast page.
More about IREIT Global
IREIT Global is a Europe-focused real estate investment trust managed by IREIT Global Group Pte. Ltd. The company primarily deals in real estate investments, focusing on properties across Europe, with a specific emphasis on improving occupancy and yield within its portfolio.
Average Trading Volume: 1,050,054
Technical Sentiment Signal: Sell
Current Market Cap: S$376.6M
For an in-depth examination of UD1U stock, go to TipRanks’ Overview page.