KONUYA YAKIN KAYNAKLAR TARAFINDAN VERILEN BILGIYE GORE, WARBURG PINCUS DESTEKLI E-SHANG REDWOOD (ESR) ZOR DURUMDAKI SABANA SHARIAH COMPLIANT INDUSTRIAL REIT`I SATIN ALMAK ICIN ILERI DUZEYDE GORUSMELER YAPIYOR. KAYNAKLAR GORUSMELERIN BIR KAC AY ICINDE TAMAMLANACAGINI, ESR`NIN ANLASMANIN SARTLARI ALTINDA HENUZ GORUS BIRLIGINE VARMADIGINI BELIRTIYOR. - WARBURG PINCUS-BACKED ESR IN TALKS TO BUY SINGAPORE`S SABANA REIT-SOURCES - REUTERS NEWS 07-AUG-2017 02:00:00 BY ANSHUMAN DAGA SINGAPORE, AUG 7 (REUTERS) - WARBURG PINCUS-BACKED E-SHANG REDWOOD (ESR) IS IN ADVANCED TALKS TO BUY STRUGGLING SABANA SHARIAH COMPLIANT INDUSTRIAL REIT <SABA.SI>, SOURCES FAMILIAR WITH THE PROCESS SAID, IN A LIKELY FIRST CONSOLIDATION STEP IN SINGAPORE`S $3.5 BILLION MID-CAP INDUSTRIAL TRUSTS SECTOR. ESR, AN ASIAN LOGISTICS DEVELOPER, HAS BEEN CONDUCTING DUE DILIGENCE ON SABANA REIT AND IS SET TO COMPLETE ITS TALKS IN A FEW MONTHS, SAID THE SOURCES. THEY, HOWEVER, SAID ESR HAS NOT YET AGREED ON TERMS OF A DEAL. ESR ANNOUNCED IN MARCH A 5 PERCENT STAKE IN SABANA REIT, WHICH HAS ASSETS OF ABOUT S$1 BILLION ($735 MILLION) COMPRISING WAREHOUSES, LOGISTICS AND HIGH-TECH INDUSTRIAL PROPERTIES. LATE LAST YEAR IT AGREED TO BUY UP TO 10.65 PERCENT OF ANOTHER INDUSTRIAL REIT, CAMBRIDGE INDUSTRIAL TRUST, LATER RENAMED ESR-REIT <ESRR.SI>. IN JANUARY, ESR ALSO BOUGHT AN 80 PERCENT INDIRECT STAKE IN THE MANAGER OF THAT TRUST. ESR`S STAKE PURCHASES IN SINGAPORE REITS COME AS SMALLER INDUSTRIAL TRUSTS BEAR THE BRUNT OF FALLING RENTALS AND HIGHER VACANCIES, WITH TROUBLED OFFSHORE MARINE SERVICES FIRMS AND MANUFACTURING COMPANIES CUTTING OPERATIONS IN A LACKLUSTRE ECONOMY. 07.08.2017 13:00:49