Logistics investors ESR-REIT and ARA LOGOS look at merging assets in $1b deal

Logistics investors ESR-REIT and ARA LOGOS look at merging assets in $1b deal

Photo: ESR

The managers of Singapore-based logistics real estate investors ESR-REIT and ARA LOGOS Logistics Trust are looking at a merger that would bring S$5.4 billion ($4 billion) of assets under the new entity’s management.

The proposed deal, in which ESR-REIT will acquire units of ARA LOGOS Logistics Trust, is valued at S$1.4 billion ($1 billion) in shares and cash.

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