ESR REIT Completes Divestment of Two Properties

MT Newswires

2025/03/25

ESR REIT (SGX:J91U) completed the divestment of two logistics properties at 1 Third Lok Yang Road and 4 Fourth Lok Yang Road in Singapore for SG$6.8 million, according to a Monday filing with the Singapore Exchange.

Sale proceeds will be used to repay borrowings, fund potential acquisitions, asset enhancements, and redevelopments, or for working capital, the real estate investment trust said.

Shares of the REIT were up over 2% in recent trading.

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