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).