ESR-Logos REIT is seeking to raise S$300m (€210m) to rejuvenate its portfolio and reorient it towards “new economy and future-ready assets.”

The Singapore-listed company intends to raise S$150m each from private placements to new and existing institutional investors, and another S$150m from a preferential offering to all existing investors. It plans to issue between 447.8m and 454.5m new private placement units.

ESR-Logos REIT has also announced that up to S$450m in non-core assets are to be divested over the next 12 months.

Proceeds from the divestment would be recycled into “new economy” assets, the trust said.

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