DivestmentsELITE has received offers for three vacant assets, which are expected to be sold, resulting in divestment gains and a reduction in aggregate leverage.
Financial PerformanceELITE has generated annual savings in borrowing costs of £2m through completed refinancing and reduction in debt by £37m.
Investment StrategyElite UK REIT has expanded its investment strategy to a wider range of asset classes within the UK, focusing on social infrastructure and diversifying into the living sector, including purpose-built student accommodation (PBSA) and build-to-rent residential housing.