For the year-end holidays, this year, I took the opportunity to travel to the United Kingdom. Guess what S-REIT has properties in the UK? Elite Commercial REIT (SGX: MXNU)! I visited 2 of their properties on-site: Broadway House, Ealing, London and Glasgow Benefits Centre, Glasgow. This is the link to Elite Commercial REIT’s properties.
Do note that I only visited 2 properties. The conclusions drawn in this post cannot accurately represent all 150+ of their other properties.
Glasgow Benefits Centre, Glasgow
The first property I visited was the Glasgow Benefits Centre. It is a large, 3-storey building spanning about 200m x 70m. It is located very near the city centre, within 1km distance. It is also about 600m away from one of the Glasgow Subway stations.
There are no signs on the building that this is a property of Elite Commercial REIT. Although this is also the case for the other property as well. However, there are signs suggesting that this property is a HM Passport Office, with Google Street View suggesting long queues for passport related-services. This goes in line with Elite’s majority tenant being the HM Government.
Broadway House, Ealing, London
The next property seems to be a Job Centre. This property is located in Ealing, about 12km from the city centre. It is in the central of Ealing, which seems to be a small town within London. There are many shops in the vicinity.
A bus stop is located right outside of the building. It seems to me that almost all shops in the vicinity are tenanted, with good footfall in the area. There are many shops, supermarkets and eateries in the area. It looks to be a good location for a hotel.
Its location is also a slight distance from the nearest London Underground Station. It is about 1.2km away from Ealing Broadway (with 3 lines), and about 600m away from West Ealing (served by the Elizabeth line). From here, it takes about 30 minutes by train to the centre of London.
Kenny Loh is a Wealth Advisory Director and REITs Specialist of Singapore’s top Independent Financial Advisor. He helps clients construct diversified portfolios consisting of different asset classes from REITs, Equities, Bonds, ETFs, Unit Trusts, Private Equity, Alternative Investments, Digital Assets and Fixed Maturity Funds to achieve an optimal risk adjusted return. Kenny is also a CERTIFIED FINANCIAL PLANNER, SGX Academy REIT Trainer, Certified IBF Trainer of Associate REIT Investment Advisor (ARIA) and also invited speaker of REITs Symposium and Invest Fair. You can join my Telegram channel #REITirement – SREIT Singapore REIT Market Update and Retirement related news. https://t.me/REITirement
