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ESR-REIT and Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) made a joint announcement on 16-Jul-2020 (Thu) proposing a merger which could result in the enlarged entity maintaining a dominant 4th largest industrial S-REIT by GFA market share, behind Ascendas REIT, Mapletree Logistics Trust and Mapletree Industrial Trust.
Back in 2018, ESR-REIT completed a merger with Viva Industrial Trust (Viva) paying a 26.3% premium to NAV for Viva. This time, the merger...
