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ESR-REIT issues 269 mil new units under private placement, raising $100 mil

Atiqah Mokhtar
Atiqah Mokhtar5/18/2021 8:16 AM GMT+08  • 1 min read
ESR-REIT issues 269 mil new units under private placement, raising $100 mil
The new units are being issued at 37.2 cents per unit.
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The manager of ESR-REIT has announced that 268.8 million new units in the REIT will be issued and listed as of 9am on May 18 under a private placement at an issue price of 37.2 cents per unit, amounting to gross proceeds of $100 million.

The private placement follows the manager’s proposed equity fundraising of not more than $150 million via a private placement and preferential offering. Given the gross proceeds raised from the private placement, the management has reiterated that gross proceeds from the preferential offering will not exceed $50 million.

SEE:ESR-REIT completes 10% acquisition of ESR Australia Logistics Partnership for A$60.5 mil

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