SINGAPORE (May 18): The respective managers of ESR-REIT and Viva Industrial Trust (VIT) have announced the details in the proposed merger to create the fourth largest industrial REIT in Singapore with approximately S$3.0 billion in assets.

The proposed merger will be effected by way of a trust scheme of arrangement, which will see VIT stapled securityholders receive 96 cents per stapled security.

This gives VIT an implied equity value of approximately S$936.7 million.

The scheme consideration will be satisfied 10% in cash and 90% through...(click on link for full story on theedgesingapore.com)