An announcement from IREIT Global ( (SG:UD1U) ) is now available.
IREIT Global has secured voting commitments from its joint sponsors, Tikehau Capital and City Strategic Equity, for the approval of Project RE:O, which involves repositioning the Berlin Campus. This strategic move is significant as the joint sponsors and the manager collectively hold a 50% stake in IREIT, indicating strong support for the project. The company will keep unitholders informed of any further developments regarding the project.
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.
YTD Price Performance: -7.41%
Average Trading Volume: 708,342
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$336.2M
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