ESR-LOGOS REIT to Divest 3 Sanitarium Drive in Australia

News about ESR REIT
ESR-LOGOS REIT's manager announced that it has entered into an agreement to divest 3 Sanitarium Drive, Berkeley Vale, New South Wales, Australia to Australasian Conference Association Limited for $53.4 million (A$55.0 million) (excluding divestment costs and applicable goods and services tax).
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ESR REIT
Price2.210 SGD
NAV2.500 SGD
Yield (4 quarters)10.04%
Gearing41.4%