ESR-Logos 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
ESR Reit to sell Tuas industrial building for S$9.9 million
It expects the divestment to be completed in Q1 2025
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
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 prices S$100 million perpetual capital securities at 6%
It is part of the trust’s S$750 million multicurrency debt issuance programme
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 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
ESR Group gets regulatory nod to list logistics Reit in China
Its IPO is expected to raise around 2.44 billion yuan
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
