ESR-REIT Faces SG$27.4 Million Claim Over Singapore Property Incident

MT Newswires

02-28

ESR-LOGOS REIT (SGX:J91U) is disputing a SG$27.4 million claim filed by former tenant Asia Ocean Pacific (S) over an incident at a now-decommissioned property in Singapore, according to a Thursday filing on the Singapore Exchange.

Asia Ocean Pacific initiated legal proceedings on Feb. 26, alleging losses from an event on July 30, 2023, at 2 Fishery Port Road, ESR-REIT said in a filing.

The industrial property-focused real estate investment trust has engaged legal counsel but does not expect any significant financial impact from the claim.

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