ESR Cayman signs logistics facilities venture with Singapore wealth fund

Business | 13 Jan 2020 2:30 pm

Logistics real estate platform ESR Cayman says it entered into a US$500 million (HK$3.9 billion) joint-venture with Singapore’s GIC.

It says the venture will focus on the development of institutional-grade logistics facilities in key cities across China.   In China, total gorss floor area of the portfolio assets and in the funds and investment vehicles it manages comprised 6.62 million sqm. And total assets under management reached over US$4.39 billion, as of June 30, 2019.

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