ESR-LOGOS Funds Management (S) Limited, the manager of ESR- LOGOS REIT (Manager), is announced the signing of a new 20-year master lease with PharmaGend Global Medical Services Pte. Ltd. at 3 Tuas South Ave 4 (Property) with built-in rental escalations. The newly signed master lease represents a contribution of approximately 1.0% of E-LOG's portfolio rental income as at 30 September 2023, extends E-LOG's weighted average lease expiry from 3.4 years to 3.5 years and represents a positive rental growth of over 35% over the previous lease.

In addition, the site has unutilised plot ratio which could yield additional c.19,000 square metres (sqm) of space for potential future expansion.