North East firm lands contract for REIT with £282m government offices portfolio

A North East geo-environmental firm has supported the launch of the first pound-denominated REIT on the Singaporean stock exchange.

Roberts Environmental has provided due diligence for Elite Commercial Real Estate Investment Trust, which owns a £282m portfolio of government-let offices.

The REIT acquired the national portfolio from Telereal Trillium in 2018, which includes a number of the properties based in the North East.

Jeff Roberts, managing director at Roberts Environmental, commented: “This project perfectly showcases our versatility as a firm and displays our remit which spans from local SMEs to international organisations.

“We were delighted to provide due diligence as part of such a significant portfolio which has brought investment to our national economy.

“The portfolio spans a large geographical area and required us to work efficiently to meet deadlines. For the sites which we couldn’t visit, solutions needed to be organised in order to allow the fund to be prepared for future obligations.”

Shaldine Wang, chief executive officer at Elite Commercial REIT Management Pte. Ltd added: “Roberts Environmental has consistently delivered quality and commercial advice.

“The team is efficient and professional, we look forward to continuing our relationship well into the future.”