"The divestment at a 35.2% premium to valuation is also a welcome sign, especially as interest rates remain high and we understand that there are more industrial assets put on the market for sale," says DBS in its Oct 2 note.
DBS Group Research has kept its "buy" call and 38 cents target price on ESR-LOGOS REIT (SGX:J91U
) , following news of its divestment of one of its properties.
On Oct 2, the REIT announced it has sold 2 Tuas South Avenue 2 for $53 million. The property has a NLA of 20,192 sqm and is currently master-leased to LHN Group.
