Australia and Thailand lead today’s hottest real estate news stories from around the region as warehouse developer ESR wins another battle in its plan to expand its shed empire and a Singaporean developer goes hotel shopping in Perth. Back in… Read More>>
Korea’s AIP Leads £100M Buy of Microsoft UK HQ and More Asia Real Estate Headlines
Mainland China’s investor may have faded from the global stage, but their competitors from around the region are still playing a major part in real estate investments in key markets, as illustrated by a Korean investor’s recent role in a… Read More>>
Logistics Group ESR Launches $505M Bid for Australia’s PropertyLink
Warburg Pincus-backed ESR has made a $505 million all-cash offer for Sydney-based real estate investment manager Propertylink, according to an announcement to the Australian stock exchange late last week.
The Pan-Asian warehouse investment platform’s Australian arm, is offering A$1.15 per… Read More>>
CPPIB Invests in $500M ESR South Korea Logistics Fund
The Canada Pension Plan Investment Board (CPPIB) announced this week that it is investing in a new $500 million investment fund targeting South Korean logistics assets in cooperation with ESR and its Korean subsidiary, Kendall Square Asset Management.
The deal… Read More>>
China Home Prices Jumped 1% in June and More Asia Real Estate Headlines
Mainland authorities have clamped down on credit, punished fake divorcees and chased down naughty brokers in their campaign to stamp out housing inflation, but home prices just rose by their fastest pace in twenty months. While homebuyers still want condos,… Read More>>
ESR Buys Aussie Warehouse Developer for A$103M, Hires Phil Pearce as CEO
Pan-Asian warehouse investment platform ESR has gone full APAC with its A$102.5 million ($76 million) buyout of Australian real estate heavyweight Charter Hall’s Commercial & Industrial Property Pty Ltd (CIP), as part of the group’s formal establishment of ESR Australia.
In… Read More>>
CLSA Belt and Road Fund Makes Pre-IPO Bet on Logistics Developer ESR
Asian logistics developer ESR has picked up more funding on its path to a planned IPO, announcing it has closed an investment from a private equity fund of CLSA, a subsidiary of Chinese state-owned investment bank CITIC.
The funding from… Read More>>
ESR Raises $1.2B for Japanese Warehouses, Ramping up Asian Growth Drive
Pan-Asian warehouse builder ESR has raised $1.2 billion of equity for new logistics projects in Japan, continuing a fundraising streak as the Hong Kong-based developer moves quickly to ramp up its portfolio across the region.
ESR, formerly known as e-Shang… Read More>>
ESR Sets Up Offshore Fund to Buy $1B in Mainland Logistics Projects
Pan-Asian logistics developer ESR is joining with Beijing Properties to set up an offshore fund which would acquire logistics projects worth RMB 6.4 billion ($1 billion) from the mainland builder. The move came a day after Warburg Pincus-backed ESR received… Read More>>
JD.Com Invests $306M in Logistics Developer ESR
Shanghai-based logistics developer ESR today announced that a subsidiary of JD.com, China’s second-largest ecommerce player, is investing $306 million into the regional warehouse builder.
The logistics investment by the $53 billion high tech retailer provides a boost both for the… Read More>>
