A ESR-Reit has undergone several business transformations since 2017, which has seen its portfolio size more than double, from $1.3 billion to $3.1 billion. The changes include the following:
We have reduced concentration and operational risks to our portfolio through the completion of the first Reit merger in Singapore with Viva Industrial Trust last year, and the acquisition of four properties. This has resulted in a balanced spread of assets across four industrial sub-sectors - business parks, high-specifications industrial, logistics and warehouse, and general industrial buildings.
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