Singapore's ESR-REIT acquires 10% of ESR Australia Logistics for $46.6m

Singapore's ESR-REIT acquires 10% of ESR Australia Logistics for $46.6m

120 Pioneer Road, ESR-REIT

Singapore-listed industrial properties investor ESR-REIT has made its first overseas expansion through the acquisition of a 10% stake in ESR Australia Logistics Partnership (EALP) for about $46.6 million, according to an announcement Friday.