SINGAPORE (Dec 14): OCBC Investment Research is starting coverage on ESR-REIT at “buy” with a fair value estimate of 59 cents, following the recent completion of the REIT’s merger with Viva Industrial Trust (VIT) on Oct 15.

Including 15 Greenwich Drive, this has increased ESR-REIT’s portfolio size to $3.1 billion of assets from $1.7 billion previously.

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