- ESR-LOGOS REIT (SGX:J91U) is raising S$300m through a share offering, with S$150m via a preferential offering and S$150m via private placement. Shares will be issued at a 6% discount to VWAP (volume weight average price) of S$0.3502 per share, expanding the share base by 13% (additional ~916m shares). Sponsor assets are available for acquisition in Singapore and Japan.
- - Read this at SGinvestors.io -
What’s next for ESR-LOGOS REIT?
- Management will channel S$293m (~98%) of the EFR (equity fund raising) gross proceeds to potential acquisitions and redevelopment or AEIs, with the remainder to cover related expenses. ESR-LOGOS REIT has three ongoing AEIs, and one cold storage redevelopment project under discussion.
- - Read this at SGinvestors.io -
- ESR-LOGOS REIT's sponsor ESR Group completed development of two assets in Singapore (Tuas Logistics Hub and Logos Penjuru Logistics Centre in Singapore) and two in Japan last year.
De-risking the balance sheet
- Read more at SGinvestors.io.