Singapore Tycoon John Lim’s ARA LOGOS, ESR REIT To Merge In $1 Billion Deal Amid E-Commerce Boom

Singapore Tycoon John Lim’s ARA LOGOS, ESR REIT To Merge In $1 Billion Deal Amid E-Commerce Boom

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.