CORRECTED-UPDATE 1-ESR-LOGOS REIT plans to buy assets in Japan, Singapore for $576 mln

(Corrects headline, paragraphs 1 and 2 to reflect company has proposed to buy the assets, not bought them)

July 31 (Reuters) - Singapore-based ESR-LOGOS REIT said on Wednesday it has proposed to buy the entire stake in a Japanese logistics facility and a 51% interest in a manufacturing facility in Singapore, in a deal valued at S$772.6 million ($575.75 million).

The acquisitions will be made at attractive net property income yields and at a 2.3% discount to the average valuation of each facility, the company said.

ESR-LOGOS REIT expects the assets to be accretive for distribution per unit to unitholders.

The Singaporean facility is located close to the Tuas Mega Port. "Its strategic location will benefit from the increased activity and development in the area, providing us with a quality asset that is well-positioned to capitalise on the growth of the logistics and industrial sectors as port activity increases," the company said in a statement.

Meanwhile, the Japanese acquisition will increase the company's logistics asset in Japan from 3.7% to 8.9%.

The acquisition will be financed by a mix of green debt financing and proceeds to be raised via a preferential offering of new units backstopped by ESR Group, the company added. ($1 = 1.3419 Singapore dollars) (Reporting by Sneha Kumar; editing by Alan Barona)