E-Log’s tepid debut may leave unitholders wondering if being bigger is better
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ESR-REIT began trading in the local market as ESR-Logos Reit (E-Log) on May 5, beginning a potentially interesting phase of growth after significantly enlarging itself by subsuming Ara Logos Logistics Trust (A-Log).
With some S$5.5 billion in assets, E-Log is now the flagship Singapore-listed asset securitisation platform of ESR Cayman, which recently completed the acquisition of Ara Asset Management.
E-Log’s manager has said its enlarged sponsor has a US$59 billion portfolio of “new economy” assets, and a S$2 billion initial pipeline of “visible and executable” assets that will accelerate E-Log’s growth.
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