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ESR-REIT merger with ARA Logos Logistics Trust

Chinese New Year Special Offer! On 3 November 2021, the shareholders of ESR Cayman gave the green light for the US$5.2 billion acquisition of the ARA Asset Management. ESR Cayman is listed in Hong Kong Stock Exchange and is the sponsor of SGX-listed ESR-REIT. On the other hand, LOGOS is the sponsor of ARA Logos Logistics Trust and is majority-owned by ARA Asset Management. The acquisition of ARA Asset Management by ESR Cayman effectively paves the way for the ESR-REIT merger with ARA Logos Logistics Trust.

Although the writing is on the wall that the ESR-REIT merger is going to take place sooner or later, it is not a done deal yet. ESR-REIT unitholders are to cast the vote on 27 January 2022. For the resolution to be passed, more than 50% of the total number of votes is required. ARA Logos Logistics Trust unitholders will meet on the same day to vote but more than 75% of the votes is required for the resolution to be passed.

ESR-REIT merger

A Lifetime Member has requested for my insight on the ESR-REIT merger. As such, I will share my insights on this interesting development within the industrial S-REIT sector. Although I have no …

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