ESR-REIT likely to look overseas for growth following FY2020 DPU decline
The Edge Singapore Published on Wed, Jan 20, 2021 / 11:24 PM GMT+8
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In a results briefing on Jan 20, Adrian Chui, CEO of ESR-REIT’s manager says that he plans to look overseas for growth some time this year. Sponsor and major unitholder ESR Cayman has a presence in six countries with US$26.5 billion in assets under management. According to Chui, 30% to 40% of this portfolio could be potential acquisition targets for ESR-REIT. He is looking at both income producing properties and development properties.
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