ESR-REIT's 70 Seletar Aerospace View (Photo: REITsWeek)ESR-REIT's 70 Seletar Aerospace View (Photo: REITsWeek)

Data from ESR-REIT’s latest results have been updated into the Singapore REITs table.

In the wake of a failed bid to merge with Sabana REIT, ESR-REIT is now eyeing markets overseas to grow its portfolio and improve its underlying land leases.

The matter touched upon by Adrian Chui, CEO of ESR-REIT’s manager, in response to questions from the media on 20 January.

ESR-REIT and Sabana REIT are both Singapore-heavy industrial REITs that tried to merge in late-2020.

However, the proposed deal was met with a rare display of investor activism, and effectively shot down when a resolution to secure the deal was not passed at Sabana REIT's EGM in December that year.

Related: Sabana REIT investors scuttle proposed matrimonial with ESR-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.