Industrial property landlords ESR-Reit and Sabana Reit propose merger

SINGAPORE - A union may be on the cards for ESR-Reit and Sabana Shari'ah Compliant Industrial Real Estate Investment Trust , the latest in a string of consolidations in the Singapore real estate investment trust universe.

By way of illustration, if the scheme becomes effective, each Sabana unitholder will receive 94 new ESR-Reit consideration units for every 100 Sabana units held. Adrian Chui, chief executive officer and executive director of ESR-Reit's manager, said the merger is in line with its strategy to establish ESR-Reit as a leading pan-Asian industrial Reit.

The potential merger also offers the possibility for the trusts to reap"significant" operational synergies and realise upside through portfolio lease-up, asset enhancement initiatives and redevelopment opportunities, Mr Chui said. "The larger asset and tenant base will put us in a stronger position to undertake initiatives to improve and rejuvenate the portfolio at lower costs with minimised execution risks," he noted.

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ESR-Reit and Sabana Reit propose mergerA UNION may be on the cards for ESR-Reit and Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana Reit), the latest in a string of consolidations in the Singapore real estate investment trust (S-Reit) universe. Read more at The Business Times.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »

ESR-Reit and Sabana Reit propose mergerA UNION may be on the cards for ESR-Reit and Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana Reit), the latest in a string of consolidations in the Singapore real estate investment trust (S-Reit) universe. Read more at The Business Times.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »