E-LOG Proposed Acquisitions Japan Singapore 2024

E-LOG proposes to acquire a 100% trust beneficiary interest in ESR Yatomi Kisosaki Distribution Centre in Japan and a 51% interest in 20 Tuas South Avenue 14 in Singapore for approximately S$772.6 million combined. The acquisitions are expected to be 1.8% DPU accretive and will expand E-LOG's New Economy logistics assets portfolio while improving weighted average lease expiry to over 70 years. Both assets are acquired at attractive yields with discounts to independent valuations.