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IREIT Global’s Preferential Offering 134.8% Subscribed, Raising S$75.9 Million

July 15, 2023 – IREIT Global, a Europe-focused real estate investment trust, said its preferentially offering raised S$75.9 million, which will be used to fund the acquisition 17 retail properties located across France that are let to B&M France SAS, a unit of European discount retailer B&M Group.

The preferential offering units of 186,098,518 units will be made to unitholders at a preferential offering ratio of 161 for every 1,000 existing Units, at an issue price of S$0.408 per preferential offering Unit. The issue price represents a discount of 9.6% to the volume-weighted average price of S$0.4515 per unit on June 19, 2023.