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An update from IREIT Global ( (SG:UD1U) ) is now available.
IREIT Global has successfully launched its first S$85 million green notes, which were well-received by investors, indicating strong confidence in the company’s future. The funds will be used for the initial phase of Project RE:O at the Berlin Campus, transforming it into a mixed-use asset with office, retail, and hospitality components, including a hotel operated by Premier Inn and a long-stay concept by Stayery, both under 20-year leases. This strategic move aims to diversify IREIT’s tenant base and income streams, strengthening its market position and portfolio resilience.
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., specializing in real estate investments. The company is focused on diversifying its funding sources and enhancing the resilience and attractiveness of its portfolio through strategic projects.
Average Trading Volume: 934,748
Technical Sentiment Signal: Sell
Current Market Cap: S$316M
For an in-depth examination of UD1U stock, go to TipRanks’ Stock Analysis page.