TIGERE Real Estate Investment Trust (REIT) is betting on its scrip dividend option for unit holders to accelerate its expansion drive targeting a US$100 million net asset value by year-end. The offer gives unitholders the option of receiving their quarterly dividend in cash, additional REIT units or a combination of both after the fund declared…
Tigere banks on scrip funding
Major real estate funds are actively targeting top-tier retail brands such as Electrosales and TM Pick n Pay as stable, long-term blue-chip anchor tenants for commercial hardware and retail properties.