Photo from ESG-LOGOS REIT.
The two properties have a total sale consideration of around $60.1m.
ESR-LOGOS REIT said that its Trustee Perpetual (Asia) Limited has completed the divestment of 70 Seletar Aerospace View and 2 Tuas South Avenue 2.
In a disclosure, ESR-LOGOS REIT said 70 Seletar Aerospace View was sold for around $7.1m, representing a 4.8% premium to valuation.
Meanwhile, the 2 Tuas South Avenue 2 property was sold for around $53m or a 35.2% premium to valuation.
These divestments bring the REIT’s diversified portfolio to 72 properties across Singapore, Japan and Australia, and investments in three property funds in Australia.
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!