ESR-REIT property in the Gul industrial district. (Photo: ESR-REIT)ESR-REIT property in the Gul industrial district. (Photo: ESR-REIT)

ESR-REIT is again seeking potential buyers for its property in the Gul industrial precinct, after an earlier attempt appears to have failed.

ESR-REIT is a Singapore-listed industrial REIT with a portfolio of 57 properties across the island.

The REIT has proposed to merge with Sabana REIT to create Singapore’s fifth largest industrial REIT, but the planned union has been met with stiff resistance from some investors.

Related: Unholy matrimony: tracing the seeds of dissent in the Sabana REIT, ESR-REIT merger

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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.