ALOG manager assures unitholders to benefits from approved merger with ESR-REIT

This after unitholders approved resolutions on the merger.

The unitholders of ARA LOGOS Logistics Trust (ALOG) will enjoy multiple benefits after it approved resolutions for the firm’s proposed merger with ESR-REIT through a trust scheme of the arrangement, which were passed during an extraordinary general meeting last 21 March 2022.

Following the approval, it will mark a growth in ALOG as part of ESR-LOGOS REIT (E-LOG), ARA LOGOS Logistics Trust Management Limited said in a bourse disclosure.

As part of E-LOG, the scheme would result in fiscal distribution per unit accretion and fiscal year 2020 net asset value per unit accretion of 12.8% and 5.3%, respectively.

This will be able to boost ESR Group’s “fully integrated platform and global tenant network, and create one of the top 10 S-REITs by free-float market capitalization, allowing better access to competitive sources of capital and greater funding flexibility.”

After the official completion of the proposed merger, ESR-REIT CEO Adrian Chui will be the CEO and executive director of E-LOG’s manager whilst ALOG CEO will be working with Chui as deputy CEO of the E-LOG manager.

Follow the link for more news on

ARA LOGOS

ALOG unitholders merger

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