ESR-LOGOS REIT announces SGD772.6 million Japan, Singapore acquisitions

ESR-LOGOS REIT has announced the proposed acquisitions of manufacturing and logistics assets in Japan and Singapore for SGD772.6 million.

The assets are namely ESR Yatomi Kisosaki Distribution Centre (ESR Kisosaki DC) in Nagoya, Japan, and a 51% interest in 20 Tuas South Avenue 14 (20TSA).

ESR Kisosaki DC is a four-storey double ramp modern logistics facility with a total land area of 79,096 square metres and a weighted average lease expiry (WALE) of 2.71 years as on 30 June 2024.