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Singapore's ESR-REIT acquires 10% of ESR Australia Logistics for $46.6m


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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 ....

Adrian Chui , A Tanjong Penjuru , Queensland Hold , Investor Services Trust Singapore , Australia Logistics Partnership , Logistics Partnership , Services Trust Singapore , Hold Trust , New South Wales , South Australia , Western Australia , Tanjong Penjuru , Australia Acquisition , ஆஸ்திரேலியா தளவாடங்கள் கூட்டு , தளவாடங்கள் கூட்டு , சேவைகள் நம்பிக்கை சிங்கப்பூர் , புதியது தெற்கு வேல்ஸ் , தெற்கு ஆஸ்திரேலியா , மேற்கு ஆஸ்திரேலியா ,

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. ....

Adrian Chui , A Tanjung Penjuru , Queensland Hold , Australia Logistics Partnership , Logistics Partnership , Hold Trust , Tanjung Penjuru , ஆஸ்திரேலியா தளவாடங்கள் கூட்டு , தளவாடங்கள் கூட்டு ,