ESR Cayman increases stake in Sabana REIT, rekindling takeover hopes

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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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