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IREIT Global ( (SG:UD1U) ) just unveiled an update.
IREIT Global has announced the pricing of S$85,000,000 in green notes due 2028 under its US$1,000,000,000 Multicurrency Debt Issuance Programme. The proceeds from these notes will be used for the capital expenditure of Project RE:O, which involves repositioning the Berlin Campus into a multi-let and mixed-use property, aiming for a LEED Gold certification. This initiative aligns with IREIT’s Green Financing Framework, enhancing its commitment to sustainable development. The notes are expected to be listed on the Singapore Exchange and have attracted significant interest from stakeholders, including a substantial subscription by Tikehau Capital, a controlling unitholder.
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 real estate investment trust established under the laws of the Republic of Singapore. The company focuses on managing and investing in income-producing real estate assets, with a particular emphasis on properties in Europe. It aims to provide stable and sustainable returns to its stakeholders through strategic property investments and developments.
Average Trading Volume: 919,398
Technical Sentiment Signal: Sell
Current Market Cap: S$316M
For a thorough assessment of UD1U stock, go to TipRanks’ Stock Analysis page.