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.