The manager of ESR-LOGOS REIT (E-LOG) J91U has completed the divestment of three of the REIT’s non-core assets for a total of $182.9 million.
E-LOG had previously announced its intention to divest seven of its non-core assets for approximately $337.0 million on June 23.
On Aug 23, the divestments of 3 Pioneer Sector 3 for $95.0 million, 21 Changi North Way for $30.1 million and 30 Toh Guan Road for $57.8 million were completed.
According to the REIT’s bourse filing on SGX, the completion of the divestment of the remaining assets is currently underway with relevant announcements to follow.
Following the completion of the three divestments announced today, E-LOG’s portfolio consists of 77 properties, excluding 48 Pandan Road held through a joint venture, located across Singapore, Japan and Australia, as well as investments in three property funds in Australia.
Units in E-LOG closed flat at 31 cents on Aug 23.
