ESR-Logos Reit eyes acquisitions for growth in 2024 as it looks to deploy S$700 million of capital
ESR-LOGOS Reit is looking to deploy some S$700 million for investments as the real estate investment trust (Reit) seeks both organic and inorganic growth in 2024.
Speaking during a results briefing to media on Thursday (Feb 1), chief executive of the manager, Adrian Chui, noted that actions taken in 2023 – including raising S$300 million in equity, as well as divesting S$440.6 million of non-core assets – have set the Reit up well going into 2024, where the interest rate environment is stabilising.
“It gives us opportunities to now go back to growth – both organic as well as acquisition growth,” Chui said.
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