ESR REIT

Restructuring

Hyflux restructuring plans rocked by PUB notice to Tuaspring; ESR-REIT files proofs of claims

SINGAPORE (Mar 6): Hyflux, the water treatment firm which is undergoing debt restructuring, has received a notice from Singapore’s Public Utilities Board “asserting certain defaults by Tuaspring” under its 2011 water purchase agreement (WPA) with th

Broker's Calls

More acquisition & redevelopment opportunities for ESR-REIT this year

SINGAPORE (Jan 18): CIMB Research is maintaining its “add” call on ESR-REIT while raising its target price on the trust to 64 cents from 63 cents previously on lower cost of equity of 8.1% from 8.5% previously.  

Broker's Calls

ESR-REIT to trade sideways until arrival of next growth stage: CIMB

SINGAPORE (Oct 19): CIMB Research is maintaining its “hold” call on ESR-REIT while raising its target price estimate of 57 cents from 56 cents previously on the belief that the REIT’s financial performance is bottoming out, as seen by its latest 3Q

Property

ESR-REIT sponsor partners Invesco to manage RMB2 bil China portfolio

SINGAPORE (Sept 8): ESR, the sponsor of ESR-REIT which was formerly known as Cambridge Industrial Trust, has formed a joint venture (JV) partnership with Invesco Real Estate (IRE) to acquire and manage a portfolio of Grade A stabilised logistics assets in
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