Elite UK REIT deploys £1.3 million for Dundee student accommodation conversion

• Elite UK REIT deployed £1.3 million from its private placement to convert Lindsay House in Dundee into purpose-built student accommodation.
• The funds, representing 17.6% of gross placement proceeds, had temporarily funded debt repayment, as disclosed on July 1, 2026.
• As of November 2, 2026, £4.8 million remained from the £6.1 million allocated to the conversion.
• Total deployment reached £2.6 million of approximately £7.4 million raised, including £1.3 million used to partly finance an acquisition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elite UK REIT published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: YL9NQ0E6LT28XNE4) on November 01, 2026, and is solely responsible for the information contained therein.