News about ESR REIT —
ESR-Reit proposes to buy 5 logistics assets in Australia for US$192.4 million
ESR Real Estate Investment Trust (ESR-Reit) has proposed to buy five freehold logistics properties in Melbourne, Australia, for A$276.8 million (US$192.4 million)....read more on The Business Times
The acquisition would increase its distribution per unit (DPU) by 4.3 per cent on a pro forma basis, the Reit’s manager said on Tuesday (Jul 7).
The net purchase consideration represents a 1.9 per cent discount to the market valuation of the properties.