Our preliminary analysis has revealed key insights about ELITE UK REIT MANAGEMENT PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Has accessible contact information online
ELITE COMMERCIAL REIT MANAGEMENT
66303
Property fund management (including REIT management and direct property fund management)
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This is only a preview of the TrustScore results for ELITE UK REIT MANAGEMENT PTE. LTD., showcasing a few facets of its business that we have analysed.
Established Stage
A established brand is one that has achieved a strong, recognisable presence in its market or industry. These brands are well-known, trusted and often considered as key brands in their space. They have a significant loyal customer base, a clear and consistent identity, and a proven track record of success and growth.
The company's address in use by other companies, may raise concerns about the company's credibility and legitimacy. ELITE UK REIT MANAGEMENT PTE. LTD. is relatively new, having been operational for less than a year. Companies that have been established for a longer period of time are generally considered more reliable and trustworthy.
ELITE UK REIT MANAGEMENT PTE. LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting ELITE UK REIT MANAGEMENT PTE. LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
ELITE UK REIT MANAGEMENT PTE. LTD. has accessible contact information online, which is a positive indicator of its credibility and transparency. The company has no official business profile on major search engines. This absence makes it difficult for potential customers to verify the company's legitimacy or get in touch, potentially raising suspicions about its credibility.
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Sign In to ContinueEliteComREIT GBP: MXNU 0%: The mainboard-listed real estate investment trust (Reit) has applied for its wholly-owned unit, Elite UK Commercial Holdings Limited (ECHL), to be listed on The International Stock Exchange as a UK Reit by the third quarter. Post-listing, it will continue to hold 100 per cent of the shares in ECHL, said the manager on Friday evening. The principal tax rate applicable to the Reit is expected to be reduced to 15 per cent from the current 19 per cent. Its units closed unchanged at 66.5 Singapore cents on Friday.
MAINBOARD-LISTED Elite Commercial Reit has applied for its wholly-owned unit, Elite UK Commercial Holdings Limited (ECHL), to be listed on The International Stock Exchange (TISE) as a UK Reit by the third quarter. Post-listing, Elite Commercial Reit will continue to hold 100 per cent of the shares in ECHL, said the manager in a regulatory filing on Friday. It further said that the proposed listing puts the tax treatment of Elite Commercial Reit on par with that of other UK Reits.
Elite Commercial Reit THE mainboard-listed Reit has applied for its wholly owned unit, Elite UK Commercial Holdings Limited (ECHL), to be listed on The International Stock Exchange (TISE) as a UK Reit by the third quarter. Post-listing, Elite Commercial Reit will continue to hold 100 per cent of the shares in ECHL, said the manager in a regulatory filing on Friday. It further said that the proposed listing puts the tax treatment of Elite Commercial Reit on par with that of other UK Reits. Following the admission of ECHL on TISE - and according to the double taxation treaty between the UK and Singapore - it is expected that the principal tax rate applicable to Elite Commercial Reit will be reduced to 15 per cent from the current 19 per cent.
At £500 million, the IPO would surpass the US$224 million raised by Aztech Global, the larger of just two listings in Singapore so far this year, according to data compiled by Bloomberg. It would also be the second sterling-denominated first-time share sale in Singapore, after Elite Commercial Reit’s offering raised about £135 million last year. Other companies that are exploring local IPOs include Pathology Asia Holdings, which is backed by private equity company TPG and whose listing could raise as much as $800 million, and Sunseap Group, a Singapore renewable energy firm, which could seek up to $600 million in an offering. CDL's massive $1.78 billion impairment on Sincere Property Group, its joint venture in China, contributed to a full-year net loss of $1.92 billion.
3 June 2021
The IPO denominated in sterling would be only the second such offering in Singapore, after Elite Commercial Reit's first-time share sale raised about £135 million last year. City Developments has been working with DBS Group Holdings and Oversea-Chinese Banking Corp on the planned Reit IPO, Bloomberg News reported last year. City Developments has constructed more than 46,000 homes and owns over 24 million square feet of properties in 29 countries and regions, according to its website. Its portfolio includes residences, offices, hotels and shopping malls.
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.
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