Singapore Tycoon John Lim’s ARA LOGOS, ESR REIT To Merge In $1 Billion Deal Amid E-Commerce Boom
- Friday, October 15, 2021, 7:10
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ARA LOGOS Logistics Trust—backed by tycoon John Lim and billionaire Chew Gek Khim’s Straits Trading—on Friday agreed to merge with ESR REIT in a deal valued at S$1.4 billion ($1 billion) that aims to tap the booming e-commerce demand for warehouses and logistics facilities across the Asia-Pacific.
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