Repositioning of IReit Global’s Berlin asset to have ‘significant impact’ on DPU

IReit Global's repositioning of its Berlin office asset is expected to significantly impact distributions to unitholders. Construction began in Q2 2025, with completion of the first phase by Q2 2027. Discussions with potential tenants are ongoing. Portfolio occupancy was 89% as of Sep 30, down from 89.5% in the previous quarter. The European real estate market has improved, supported by low unemployment and stabilizing inflation. IReit is focusing on leasing, tenant diversification, and optimizing portfolio yield. Units closed flat at S$0.29.