ESR Group

This is the second partnership between the two in two years as they expand their presence in Australa’s high-demand logistics sector

The assets are ESR Yokohama Sachiura Distribution Centres 1 and 2

The fund is expected to acquire two ESR logistics and industrial assets in Shanghai and Suzhou

This comes amid the company’s long-term strategic transformation into a more focused business

It has pulled US$700 million in foreign capital to Singapore over the last two years, and aims to double core AUM to more than US$80 billion by 2030

The initiatives could ‘support higher distributions’ in the coming years

The Reit’s growth in net property income is mainly from positive rental reversions and an overall increase in occupancy rate

The closing date has been extended to Feb 24

Volare and its concert parties now control 41.27% of the total issued units by AI-Reit, formerly known as Sabana Reit