IREIT Global (SGX-UD1U) which was listed on 13 August 2014, is the first Singapore-listed real estate investment trust with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing real estate in Europe which is or will be primarily used for office, retail, industrial (including logistics and business parks), hospitality, hospitality-related and other accommodation and/or lodging purposes, as well as real estate-related assets. IREIT Global’s current portfolio comprises five freehold office properties in Germany, four freehold office properties in Spain and 44 retail properties in France. IREIT Global is managed by IREIT Global Group Pte. Ltd. (the “Manager”), which is jointly owned by Tikehau Capital and City Developments Limited (“CDL”). Tikehau Capital is global alternative asset management group listed in France, while CDL is a leading global real estate company listed in Singapore.
Singaporean Market Performance
7D7 Days: -2.7%
3M3 Months: 9.1%
1Y1 Year: 21.2%
YTDYear to Date: 10.6%
Over the last 7 days, the market has dropped 2.7%, driven by a pullback of 2.4% in the Financials sector. In the last year, the market is actually up 21%. Looking forward, earnings are forecast to grow by 7.1% annually. Market details ›
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