Brief: ESR-REIT Enters JV Through PTC Logistics Hub LLP With Poh Tiong Choon Logistics

ESR-REIT

17/06/2019 02:35

June 17 (Reuters) - ESR-REIT  ESRR.SI :
    * ENTERED INTO A JOINT VENTURE THROUGH PTC LOGISTICS HUB LLP
WITH
POH TIONG CHOON LOGISTICS
    * PTC LOGISTICS HUB LLP ENTERED A PUT AND CALL OPTION
AGREEMENT
WITH POH TIONG CHOON LOGISTICS TO ACQUIRE LEASEHOLD INTEREST
OVER A PROPERTY
    * CONSIDERATION FOR PROPERTY IS S$225.0 MILLION, EXPECTED TO
BE
FUNDED VIA S$40.2 MILLION BY PTC, S$38.6 MILLION BY TRUSTEE, &
DEBT OF S$146.2 MILLION BY LLP
    * TOTAL ACQUISITION COSTS ATTRIBUTABLE TO ESR-REIT IS S$44.4
MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZxPyk1
Further company coverage:  ESRR.SI 

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