The property is a logistics facility that’s located in Altona within Australia’s state of Victoria. It sits on freehold land and has a net lettable area (NLA) of 34,862 sqm. It is held under a master lease under the REIT.
The manager of ESR-LOGOS REIT (SGX:J91U
) (E-LOG) has entered into a contract of sale to divest its property at 182-198 Maidstone Street for a sale consideration of A$65.5 million ($57.7 million).
The sale consideration represents a 7.4% premium to the property’s valuation of A$61.0 million as at Dec 31, 2023.
