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ESR-Logos Reit

The Park Avenue Changi hotel is part of an integrated mixed-use development owned by ESR-Reit.

Duxton Reserve, Park Avenue Changi hotels in due diligence by prospective buyers

Pricing for boutique hotel in Duxton Rd reflects about S$2,400 psf on built-up area; for Changi hotel, Weave Living tipped as prospective buyer, at S$120 million

Upon completion of the divestment, ESR Reit’s portfolio will consist of 71 properties.

Companies & Markets

ESR Reit to sell Tuas industrial building for S$9.9 million

It expects the divestment to be completed in Q1 2025

ESR Cosmosquare OS1 Data Centre in Osaka, Japan. The registered name of the manager will be ESR-Reit Management from Dec 4 onwards.

Companies & Markets

ESR-Logos Reit to be renamed ESR Reit

It will retain is existing counter code, J91U

ESR-Logos Reit's Kawasaki Ukishima Distribution Centre. The Reit's manager attributes the negative impact on its gross revenue and NPI to the divestment of 11 non-core assets conducted in FY2023 and Q2 2024.

Companies & Markets

ESR-Logos Reit Q3 net property income declines 6.5% to S$192.7 million amid divestments

On a same-store basis, gross revenue increases 1.9% to S$266.2 million

ESR BizPark@Changi is on land with a 30-year lease term from Feb 1, 2008, with an option to extend for a further 30 years.

Commercial & Industrial

HOCK LOCK SIEW

Will ESR-Logos Reit cash in on buying interest in short-lease hospitality assets?

Even if the price fetched is below the end-2023 valuation, it may be worthwhile for the Reit to strike a deal for its hotel and convention centre next to Expo MRT station

ESR-Logos Reit intends to use part of the net proceeds from the issue to finance the purchase of two facilities in Japan and Singapore.

Companies & Markets

ESR-Logos Reit prices S$100 million perpetual capital securities at 6%

It is part of the trust’s S$750 million multicurrency debt issuance programme

Declines in gross revenue and NPI are partially offset by additional income contributions from two assets that have completed their asset enhancement initiatives.

Companies & Markets

ESR-Logos Reit H1 DPU falls 18.6% to S$0.01122

Its NPI drops 9.2 per cent to S$127.8 million from S$140.8 million in H1 2023

ESR, a real estate investment manager, operates across markets such as South-east Asia, Japan and Australia.

Reits & Property

ESR buys remaining 12.3% stake in Logos Property Group

The acquisition is expected to raise ESR’s presence in key markets and broaden capital and tenant relationships

Kawasaki Ukishima Distribution Centre, one of ESR's properties in Japan. The real estate fund manager is planning to list its first public Reit in China.

ESR Group gets regulatory nod to list logistics Reit in China

Its IPO is expected to raise around 2.44 billion yuan

The Reit posts a positive rental reversion of 10.8 per cent for the quarter.

Companies & Markets

ESR-Logos Reit posts 10.8% drop in Q1 NPI after divesting non-core assets

The results represent the first quarter of financial results after the Reit conducted its capital recycling strategy in 2023

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