Real Estate
June 01, 2023 9:58 AMTo partially fund the deal, the Europe-focused Reit plans to launch a preferential offering. : SINGAPORE - IReit Global is planning to acquire a portfolio of 17 retail properties in France for about 76.8 million euros (S$112.2 million) through its wholly-owned subsidiary. To partially fund the deal, the Europe-focused real estate investment trust (Reit) plans to launch a preferential offering to be announced at a later date, said its manager on Thursday. The transaction will also be financed through external bank borrowings and borrowings from Tikehau Capital, which owns IReit Global Group.

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