Viva Industrial Trust's merger with ESR-REIT a win-win situation: Maybank

SINGAPORE (May 21): Maybank Kim Eng is downgrading its call on Viva Industrial Trust (VIT) to “hold” from “buy” previously, with a lowered target price of 96 cents.

This came on the back of the trust announcing that ESR-REIT has confirmed its acquisition of VIT for $936.7 million, which has been in discussions since end-Jan 2018.