SUBSCRIBERS
ARA Logos to buy Australia properties, invest in sponsor's funds
Published Mon, Oct 26, 2020 · 09:50 PM
Singapore
ARA LOGOS Logistics Trust (ALog) plans to fork out S$404.4 million to buy five properties in Australia from ventures managed by its sponsor, Logos Property Group, as well as invest in two of the sponsor's funds.
This will be ALog's first acquisition since its rebranding in April this year, the real estate investment trust's (Reit) manager said on Monday. The Reit was previously known as Cache Logistics Trust.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Struggling French tech group Atos weighs financial lifelines
Brokers’ take: DBS cuts Venture Corp price target after Q1 earnings miss
GLP says 2025 bond repayment sources identified
Volvo Cars April sales rise on strong EV demand
KKR to buy India's Healthium Medtech at US$839 million valuation
Adani in talks with banks to borrow US$600 million for gas unit