ESR-LOGOS REIT Sells Tuas Property

News about ESR REIT

ESR-LOGOS REIT is announcing the sale of an industrial property in Tuas, Singapore:

ESR-Logos Real Estate Investment Trust’s (ESR-Logos Reit) trustee has agreed to sell the Reit’s general industrial building at 2 Tuas South Avenue 2 for S$53 million.

This represents a 35.2 per cent premium above the asset’s valuation of S$39.2 million based on an independent valuation conducted by CBRE as at Aug 31, 2023, said the Reit manager on Monday (Oct 2).

ESR REIT
Price0.265 SGD
NAV0.296 SGD
Yield (4 quarters)8.71%
Gearing36.0%