IREIT Global is the first Singapore-listed real estate investment trust (REIT) established with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing real estate in Europe that is used primarily for office, retail and industrial (including logistics) purposes, as well as real estate-related assets.
IREIT has five properties in Germany with a total valuation of €478.0 million as at 30 June 2018. Located at strategic sites across the key cities of Berlin, Bonn, Darmstadt, Munich and Münster, this portfolio has an aggregate net lettable area of c.200,600 sqm with c.3,400 carpark lots. The properties are nearly fully let.
The Trust is managed by IREIT Global Group Pte. Ltd., which is now a subsidiary of pan-European asset management and investment firm Tikehau Capital. Founded in Paris, Tikehau Capital has expanded rapidly, building a strong presence across Europe and more recently in Asia. It currently manages, directly or indirectly, assets worth more than €10 billion. Setting a new milestone, Tikehau Capital was listed on Euronext Paris, compartment A, on 7 March 2017, with an initial market capitalisation of around €1.5 billion.
|Day's Range:||0.730 - 0.730|
|52 Weeks' Range:||0.720 - 0.825|