ESR-REIT Sells Hotel Strata Lot at ESR BizPark @ Changi for S$101 Million
I'm PortAI, I can summarize articles.
ESR-REIT has divested a hotel strata lot at ESR BizPark @ Changi for S$101 million, aligning with its strategy to focus on industrial assets. The proceeds will be used for acquisitions, asset enhancements, redevelopments, and debt repayments in core sectors like logistics. The sale will not significantly impact net asset value or distribution per unit for the financial year ending December 31, 2025. Post-transaction, ESR-REIT will own 70 properties across Singapore, Japan, and Australia, along with investments in three Australian property funds.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments