ESR-REIT announced on Oct, 6 2026 that it has recovered about 75% of the rent arrears owed by ACFS Port Logistics for its Australian properties.
With effect from Aug, 13 2026, administrators and receivers of ACFS assumed the tenant’s lease obligations, and ESR-REIT has since received all rent due for the period after that date.
As at Sep, 30 2026, roughly 75% of the pre-Aug, 13 arrears has been collected through partial drawdowns of banker’s guarantees, leaving outstanding arrears of 3.0 million Australian dollars and remaining guarantees of 0.4 million Australian dollars.
The manager has issued breach notices to ACFS seeking replacement banker’s guarantees and said it will continue efforts to recover the balance of the arrears while working with the parties overseeing ACFS’s administration and receivership.