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Financial Statements and Related Announcement::Half Yearly Results

Financial Statements and Related Announcement::Half Yearly Results
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Singapore s ESR-REIT acquires 10% of ESR Australia Logistics for $46 6m

streetAsia s premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. SUBSCRIBE NOW Singapore Reporter/s In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi

Singapore-listed ESR-REIT invests in Australia in first overseas deal

ESR-REIT has become a co-investor with GIC in EALP, which owns 37 prime logistics properties in Australia. The stake was purchased from ESR Queensland Hold Trust, which had a 20% interest in EALP before the transaction. GIC owns 80% of the platform. Adrian Chui, CEO and executive director of the manager of ESR-REIT, said the investment in EALP would complement the vehicle’s investment strategy and gave it diversification outside Singapore. He told IPE Real Assets that the REIT would focus on (overseas) markets where ESR had a well-established presence and a network of capabilities. “Currently, industrial properties in Singapore are on a leasehold basis and the leases are quite short (at around 30 years),” he said.

ESR-Reit to raise $150 million as it acquires Singapore, Australia assets

SINGAPORE (THE BUSINESS TIMES) - ESR-Reit is looking to raise about $150 million via a private placement and preferential offering to fund its $119.2 million acquisition of a Tanjong Penjuru logistics facility, as well as asset enhancement initiatives for properties in Tai Seng and Ang Mo Kio.. Read more at straitstimes.com.

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