ESR LOGOS REIT mulls acquisition of ESR Sakura Distribution Centre

The acquisition is expected to be up to 2.9% DPU accretive to unitholders.

ESR LOGO REIT is proposing to acquire 100% of the trust beneficiary interest in ESR Sakura Distribution Centre for a purchase price of $183.5m (JYP17.8b), inclusive of rental support.

the total cost for its acquisition will be approximately $187.0m after including g estimated professional and other fees and expenses

According to ESR LOGOS REIT's manager, ESG-LOGOS Funds Management Limited, the transaction will be up to 2.9% DPU accretive to unitholders.

 ESR Sakura DC is a five-storey modern logistics asset located in Sakura City, Chiba, Tokyo with a total land area of 41,658 square meters (sqm) and a net lettable area of 81,5097 sqm.

The asset also has a weighted average lease expiry (WALE) of 2.9 years as of 30 June.

Post-acquisition of ESR SAKURA DC, E-LOG's portfolio land lease expiry will increase from 38.5 years to 40.8 years.