REIT ASIAPAC MAGAZINE REITASIAPAC THIRD-QUARTER 2021 ISSUE | Page 21

MARKET entity will have a gearing a ratio of 42.1 %, somewhat higher than most S-REITs . However , CGS-CIMB said in a report , the new REIT has a debt headroom of S $ 815 million , which is substantial . The combined REIT plans to increase its exposure to “ new economy ” assets and its acquisition focus will be in Australia ,
Japan and China with overseas exposure projecting to reach 40 %, according to the report .
Below is a table of some of the recent mergers in the sector .
REIT 1 REIT 2 Date Merged REIT Total Assets
ESR-REIT
Viva Industrial Trust
October 2018
ESR-REIT
Combined assets of S $ 3 billion and a diversified portfolio of 56 properties
OUE Commercial REIT
OUE Hospitality Trust
September 2019
OUE Commercial REIT
Combined assets of S $ 6.9 billion with 7 properties across 3 asset classes
Ascott Residence Trust
Ascendas Hospitality Trust
December 2019
Ascott Residence Trust
Combined assets of S $ 7.6 billion with a portfolio of 88 properties in 39 cities and 15 countries across the Asia-Pacific , Europe and the United States
Frasers Logistics & Industrial Trust
Frasers Commercial Trust
April 2020
Frasers Logistics & Commercial Trust
Combined assets of S $ 5.9 billion with 99 properties across 5 countries
CapitaLand Mall Trust
CapitaLand Commercial Trust
October 2020
CapitaLand Integrated Commercial Trust
Combined assets of S $ 22.4 billion with 24 properties in 96 % in Singapore and 4 % in Germany .
ESR-REIT ARA LOGOS November 2021
ESR-LOGOS REIT
Combined assets of S $ 5.4 billion
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