TIGERE Real Estate Investment Trust says both its properties, Chinamano Corner and Highland Park Phase 1 maintained their performance for the quarter.
“Both assets are coveted real estate assets and remained fully occupied and showed increased customer footfall. Due to robust tenant demand, certain unutilised space is being converted to generate additional rentable area.
“Marginal growth in rental income is expected due to the creation of additional space. We are pleased to announce that Highland Park Phase 2 shall be opened prior to the busy Christmas season and should improve turnovers for the existing tenants due to increased activity in the node,” Tigere said in a trading update. Tigere REIT holds a pre-emptive right to acquire Highland Park Phase 2 on completion.