SINGAPORE (June 24): On June 18, demand for ESR-REIT’s placement was so good that the manager upsized the offering. In an earlier announcement, ESR-REIT had said it planned to raise not less than $75 million and not more than $100 million from the placement. In fact, the real estate investment trust raised $99.999 million through a placement of 194.17 million shares at 51.5 cents apiece. The REIT owns 57 industrial properties — all in Singapore — valued at $3.03 billion.

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