ESR-REIT has refuted the notion that it is short-changing the unitholders of ARA LOGOS Logistics Trust (ALOG) in a merger that has been proposed between the two entities.
ESR-REIT and LOGOS disclosed the proposed merger in October 2021, which would create a ‘new economy’ landlord known as ESR-LOGOS REIT.
Related: New ESR-LOGOS REIT to focus on 3 asset types across Asia-Pacific in ‘new economy’
The enlarged REIT will hold a portfolio of 87 assets across the region.
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