Notes to the Financial Statements For the financial year ended 31 December 2025 29. RELATED PARTIES (CONT’D) Group 2025 2024 $’000 $’000 ESR Group Limited and its subsidiaries(1) Investment management fees paid and payable 642 696 Asset management fees paid and payable 2,226 1,536 Property management fees paid and payable 1,478 1,727 Lease marketing services commission paid and payable 716 270 Acquisition of LSLV Project 5 Pte. Ltd.(2) – 222,415 Acquisition of ESR Yatomi Kisosaki Distribution Centre – 330,600 Net property income support received and receivable in relation to ESR Yatomi Kisosaki Distribution Centre(3) 2,125 217 Net income support received and receivable in relation to 20 Tuas South Avenue 14(4) 2,290 – An associate of Warburg Pincus LLC Licence fee received and receivable 114 – TSMP Law Corporation Legal fees paid and payable 15 220 (1) Excluding the Manager and ESR Property Services Pte. Ltd.. (2) Includes the 20,595,881 Consideration Units issued to LOGOS Units No. 1 Ltd and the 19,016,393 Consideration Units issued to Ivanhoe Cambridge Asia Inc., at an issue price of $0.3050 per Unit on 29 November 2024, as partial consideration for the acquisition of 20 Tuas South Avenue 14. (3) Pertains to net property income support received and receivable from Kisosaki TMK in relation to the acquisition of ESR Yatomi Kisosaki Distribution Centre. (4) Pertains to net income support received and receivable from LSAV 1 Portfolio Ltd and LSLV General Partner in relation to the acquisition of 20 Tuas South Avenue 14. 203 ESR-REIT ANNUAL REPORT 2025
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