ESR LOGOS REIT mulls acquisition of ESR Sakura Distribution Centre

The acquisition is expected to be up to 2.9% DPU accretive to unitholders.

ESR LOGO REIT is proposing to acquire 100% of the trust beneficiary interest in ESR Sakura Distribution Centre for a purchase price of $183.5m (JYP17.8b), inclusive of rental support.

the total cost for its acquisition will be approximately $187.0m after including g estimated professional and other fees and expenses

According to ESR LOGOS REIT's manager, ESG-LOGOS Funds Management Limited, the transaction will be up to 2.9% DPU accretive to unitholders.

ESR Sakura DC is a five-storey modern logistics asset located in Sakura City, Chiba, Tokyo with a total land area of 41,658 square meters (sqm) and a net lettable area of 81,5097 sqm.

The asset also has a weighted average lease expiry (WALE) of 2.9 years as of 30 June.

Post-acquisition of ESR SAKURA DC, E-LOG's portfolio land lease expiry will increase from 38.5 years to 40.8 years.

Follow the link for more news on

Acquisitions

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia