SEE: No merger for Sabana REIT with ESR-REIT
For ESR-REIT’s asset enhancement initiatives (AEI) Chui says at least four assets are likely to undergo extensive AEIs. Their valuations range from $40 million to $80 million. To top up loss of DPU, ESR-REIT may use some of its $60 million of capital gains. “We may use this to support loss of income,” Chui says. The assets are general industrial assets and are likely to be converted into high tech assets, or assets with high specs.