IREIT is the first SGX-ST listed REIT established with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing real estate in Europe which is primarily used for office purposes, as well as real estate-related assets.
IREIT's initial portfolio comprises four freehold properties in Germany valued at approximately €284.1 million. Strategically located in the key German cities of Bonn, Darmstadt, Münster and Munich, the IREIT Portfolio has an aggregate net lettable area of 121,506 sq m with 2,945 car park lots.
IREIT's manager is IREIT Global Group Pte. Ltd., which is founded and helmed by Mr. Itzhak Sella as the Chief Executive Officer, and Ms. Adina Cooper as the Chief Investment Officer and Asset Manager. Both its CEO and CIO have proven track records of sourcing for and acquiring valuable real estate assets across Europe.
The CEO, Mr Itzhak Sella, has more than 27 years of international real estate experience and has been involved in over US$2.5 billion worth of real estate acquisitions, having successfully listed an Israel-based REIT on the Tel Aviv Stock Exchange in 2008.
The CIO, Ms Adina Cooper, has more than 26 years of experience in the real estate industry having been involved in over €1.5 billion of real estate acquisitions in Europe.
|52 Weeks' Range:||0.640 - 0.765|