Interested Person Transaction::Entry into Property Management Agreements

Issuer & Securities

Issuer/ Manager
ESR-REIT - SG1T70931228 - J91U
Stapled Security

Announcement Details

Announcement Title
Interested Person Transaction
Date &Time of Broadcast
31-Dec-2018 13:21:52
Announcement Sub Title
Entry into Property Management Agreements
Announcement Reference
Submitted By (Co./ Ind. Name)
Adrian Chui
CEO & Executive Director
Description (Please provide a detailed description of the event in the box below)
Please refer to attached announcement.

Additional Details

Interested Person Details
As at the date of this announcement, the Property Manager is a wholly-owned subsidiary of ESR Investment Management Pte. Ltd. (ESRIM). The ESR-REIT Manager is 67.3% owned by ESRIM, 25.0% owned by Shanghai Summit Pte Ltd and 7.7% owned by Mitsui & Co., Ltd.. ESRIM is in turn indirectly owned by ESR Cayman Limited which through its subsidiaries holds a deemed interest in approximately 9.3% of the issued units in ESR-REIT. ESRIM is therefore regarded as a controlling shareholder of the Manager under both the Listing Manual of Singapore Exchange Securities Trading Limited and Appendix 6 of the Code on Collective Investment Schemes (the Property Funds Appendix).

As the Property Manager is a wholly-owned subsidiary of ESRIM, the Property Manager (being a subsidiary of a controlling shareholder of the Manager) is (for the purposes of the Listing Manual) an associate of the Manager and an associate of the controlling shareholder of the Manager, and the Property Manager is therefore an interested person and an interested party of ESR-REIT for the purposes of Chapter 9 of the Listing Manual and paragraph 5 of the Property Funds Appendix, respectively.