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ESR-Reit acquires Tampines logistics facility for S$95.8m

Purchase is expected to boost ESR-Reit's exposure to the logistics/warehouse sector to 27.1% from 22.6%

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Published Tue, Apr 24, 2018 · 09:50 PM

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Singapore

ESR-REIT announced that it had on Monday entered into a conditional agreement with vendor Tampines Distrihub to acquire a logistics facility for S$95.8 million.

The purchase price includes a consideration of S$86.2 million and an estimated S$9.6 million land premium payable for the balance lease term.

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