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ESR-Reit to buy warehouse, enhance 2 assets and raise funds

It will invest S$38.6m to fund purchase of warehouse, S$45.7m to spruce up assets and sell units to raise up to S$150m


ESR-REIT opened the new week by unveiling a slew of initiatives: It will acquire a warehouse for S$225 million under a newly formed joint venture (JV) and undertake asset enhancement initiatives (AEIs) at two of its existing assets; it will also raise up to S$150 million in an...