Elite Partners Capital buys 97 freehold properties in UK for $508 mil; plans AEI

By Samantha Chiew / The Edge Singapore | November 26, 2018 12:57 PM SGT
SINGAPORE (Nov 26): Elite Partners Capital, the Singapore-based private equity firm, has acquired a portfolio of commercial properties in UK for £282.15 million ($508 million) from Telereal Trillion.
The Hayhill portfolio comprises 97 freehold offices, with 85% of the properties located in town centres across UK and measuring a total of 2.6 million sq ft.
Approximately 99.4% of the rental income is secured against the covenant of the UK Secretary of State for Communities and Local Government.
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