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ESR-Logos Reit eyes acquisitions for growth in 2024 as it looks to deploy S$700 million of capital

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Raphael Lim &

Srinidhi Ragavendran

Published Thu, Feb 1, 2024 · 09:33 AM
    • The Reit's gross revenue is down 3.1 per cent to S$189.5 million for the half-year period.
    • The Reit's gross revenue is down 3.1 per cent to S$189.5 million for the half-year period. PHOTO: ESR-LOGOS REIT

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    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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    ESR-Logos ReitFinancial results

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