S-REITs - Week 3 - 2025

( YTD: +1.96% | 5D: +0%)
formerly known as ESR-LOGOS REIT

 15 Jan - Divestment Of 79 Tuas South Street 5 In Singapore At 1.5% Premium To Valuation

• Entered into a contract of sale to divest 79 Tuas South Street 5, Singapore 637604 for S$9.85 million
  
  
• The Sale Consideration represents a 1.5% premium above its valuation of S$9.7 million
  
  
• Upon completion of the Divestment, ESR-REIT’s diversified portfolio will consist of 71 properties (excluding 48 Pandan Road held through a joint venture) located across Singapore, Japan and Australia, as well as investments in three property funds in Australia
  
  
• The Divestment is expected to be completed in 1Q2025.

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( YTD: +3.92% | 5D: +3.92%)

13 Jan - Received Preliminary Non-Binding Letter Of Intent From Pt Siloam International Hospitals

• To acquire First REIT’s portfolio of hospital assets in Indonesia
  
  
• Siloam is the existing tenant and operator of these hospital assets, and is majority-owned and controlled by a fund managed by CVC Capital Partners
  
  
• Citigroup Global Markets Singapore Private Limited (“Citi”) has been appointed by the Board to assist in conducting the Strategic Review
  
  
• The Manager wishes to emphasise that there is no certainty or assurance that any transaction will materialise from the Strategic Review or the LOI, or that a definitive or binding agreement will be reached relating to any of the assets of First REIT

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( YTD: +1.56% | 5D: +1.56%)

15 Jan - Completion of Acquisition Of DHL Indianapolis Logistics Center In Indianapolis, United States

• The acquisition of DHL Indianapolis Logistics Center by Ascendas Reit Indiana 1 LLC, an indirect wholly owned subsidiary of CapitaLand Ascendas REIT, has been completed today

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( YTD: +0% | 5D: +0.79%)

16 Jan - Proposed Divestment of 8 Tuas View Square

• Entered into a Purchase Agreement with an unrelated third party for the proposed divestment of 8 Tuas View Square in Singapore at a sale price of S$11.18 million
  
  
• The sale price of S$11.18 million is 39.8% above the latest valuation of S$8.0 million as at 5 November 2024.

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( YTD: +0.37% | 5D: +4.29%)

17 Jan - Receipt Of Requisition Notice

• Announce that it has received a letter from several unitholders of Sabana Industrial REIT Requesting the Manager to convene an extraordinary general meeting of Sabana Industrial REIT to consider certain resolutions, details of which are set out in the copy of the Requisition Notice annexed to this Announcement.

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( YTD: +1.14% | 5D: +0.56%)

14 Jan - Exercise Of Call Option By Purchaser In Relation To The Divestment Of Figtree Grove

• A deposit of approximately A$9.6 million (being 5% of the Divestment Consideration) had been paid by the Purchaser to the Vendor’s solicitors upon the entry into the Option Deed
  
  
• The balance of the Divestment Consideration will be paid by the Purchaser in cash on completion of the Divestment, which is expected to take place by 1Q FY2025.

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( YTD: +0% | 5D: -1.04%)

17 Jan - Entry Into Purchase And Sale Agreement And Completion Of The Divestment Of Albany - Supermarket

• The Divestment Consideration of US$23.8 million is equivalent to the Independent Valuation and is approximately US$0.9 million, or 4.2%, higher than the purchase price of US$22.9 million.

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On the 8 Jan 2025, REITsavvy hosted the annual event for Singapore REITs Outlook: What’s ahead for 2025, jointly organised with SGX. We want to extend our greatest appreciation to our sponsor; Philip Capital, Sassuer REIT and Elite UK REIT.

Read the event review - click here