Elite UK REIT Extends UK Pension Department Leases

MT Newswires

02/05

Elite UK REIT (SGX:MXNU) signed new lease agreements with the U. K. Government for properties currently occupied by its Department for Work and Pensions, extending its occupancy, according to a Thursday filing with the Singapore Exchange.

The new lease agreements were signed two years before the expiration of the existing leases and take the REIT's portfolio weighted average lease to expiry to 7.2 years.

The aggregate rent for the properties under the new agreements remains the same at 24.3 million pounds per year.

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