The trustee of ESR-Logos real estate investment trust : J91U 0% (E-Log), RBC Investor Services Trust, has entered into a sales contract to divest the trust’s property at 2 Jalan Kilang Barat for S$35.3 million, translating to a 21.7 per cent premium to valuation.

As at Thursday (Sep 29) when the announcement was made, an independent valuer had valued the 9-storey purpose-built industrial building located in Singapore’s Bukit Merah district at S$29 million. The property has a gross floor area of 7,679 square metres.