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ESR Cayman raises stake in Sabana Reit manager, buys Reit units in S$62.2m deal
Published Wed, May 22, 2019 · 09:50 PM
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Singapore
ESR Cayman, through its subsidiaries, is raising its stake in the vehicle which owns the manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit), and buying units in the Reit - in a deal worth S$62.2 million in net proceeds for Vibrant Group.
ESR said on Wednesday that after the transaction, it would in…
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