SINGAPORE (Jan 26): ESR-REIT, which is backed by Warburg Pincus's Asian logistics venture, is in talks to merge with Viva Industrial Trust to expand its portfolio of Singapore warehouses and business parks, people with knowledge of the matter said. 

The two Singapore-listed trusts are negotiating the exact terms of a potential combination, according to the people, who asked not to be identified because details are private. A deal could be announced as soon as the next few weeks, one of the people said. 

ESR-REIT and Viva Industrial own real estate valued at a combined $3 billion at the end of December, according to exchange filings. Chinese property tycoon Tong Jinquan is the biggest investor in both trusts, data compiled by Bloomberg show.

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