Fu Heng Warehouse, one of six properties in EC World REIT's initial portfolio. (Photo: EC World REIT)

EC World REIT has been granted a right of first refusal (ROFR) on the stage 2 properties of Bei Gang Logistics from Forchn Holdings.

The properties are located in the west of Chongxian New City, north of Hangzhou, China.

The ROFR has been granted to EC World REIT via Hangzhou Bei Gang Logistics Co Ltd, a wholly-owned subsidiary of the REIT.

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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.