For much of its existence since listing ESR-REIT has been focusing on the Singapore market, but that is about to change.

The REIT, which previously existed as Cambridge Industrial Trust before ESR Cayman acquired a majority stake in its manager, is now setting its sights overseas as part of its expansion plans.

However, ESR-REIT will not be casting its net wide and will focus on only two countries other than Singapore in the near and medium term, said the CEO of its manager, Adrian Chui.

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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.