ESR-LOGOS Reit is divesting seven industrial properties in Singapore and Australia for about S$337 million in total, its manager said in a bourse filing on Friday (Jun 23).

The properties include a portfolio of five non-core assets in Singapore, which will be divested for S$313.5 million in total, representing a 5.1 per cent discount to the portfolio’s latest valuation of S$330.4 million.