ESR-REIT

The REIT acquired the asset in 2022.

The property has also secured an occupancy of 50%.

It will use net proceeds from the divestment to repay outstanding borrowings, amongst others.

The enlarged unit base from the REIT’s recent equity fundraising exercise drove the decline.

Six assets are in Singapore whilst one is in Australia.

There may be tighter financial conditions in the US due to interbank rates.

Unitholders will consider and pass resolutions regarding the matter.

It was sold for $35.3m

The acquisition fee is around $1.7m.

ESR-LOGOS Reit posted net property income of $69.9m.

It will mature 48 months from the utilisation date.

It includes location, asset management and sustainability focus.

The property is located in the Bukit Merah district.

The announcement was about the issue of $150m in an aggregate amount of 5.50%.

Don Kok Chew Meng has experience in finance in the past decade.

The logistics hub will sell for $43.5m.