ESR-LOGOS REIT divests two properties

The two properties have a total sale consideration of around $60.1m.

ESR-LOGOS REIT said that its Trustee Perpetual (Asia) Limited has completed the divestment of 70 Seletar Aerospace View and 2 Tuas South Avenue 2.

In a disclosure, ESR-LOGOS REIT said 70 Seletar Aerospace View was sold for around $7.1m, representing a 4.8% premium to valuation.

Meanwhile, the 2 Tuas South Avenue 2 property was sold for around $53m or a 35.2% premium to valuation.

These divestments bring the REIT’s diversified portfolio to 72 properties across Singapore, Japan and Australia, and investments in three property funds in Australia.

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