You are here

Second time's the charm as ESR-Reit, Sabana Reit revive merger proposal

Enlarged Reit will have market value of S$1.8b and free float of S$1.3b, increasing its shot at EPRA NAREIT index inclusion

Singapore

ESR-REIT and Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) are taking another crack at a merger after earlier talks in 2017 fell through, seeking to build an enlarged entity to stave off headwinds in a post-Covid world.

The proposal is...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes