Sabana REIT's property near Serangoon, New Tech Park. (Photo: REITsWeek)

ESR Cayman Limited’s stake in Sabana REIT has increased after a subsidiary of the firm acquired 1,400,000 units via an open market transaction on 4 April.

Units of the REIT were acquired by e-Shang Infinity Cayman Limited, a wholly-owned subsidiary of e-Shang Jupiter Cayman Limited, which is in turn a 95.2%-owned subsidiary of ESR Cayman Limited.

ESR Cayman Limited is the Warburg Pincus-backed real estate investor and developer, and the firm is currently focused on investments in the Asia-Pacific region.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.