Asia real estate and outbound investment news
ESR-Logos REIT has agreed to buy a Greater Tokyo logistics asset for S$183.5 million ($131.4 million), marking the Singapore-listed trust’s first acquisition in Japan.
The trust’s sponsor, Hong Kong-listed ESR Group, will acquire ESR Sakura Distribution Centre in Chiba prefecture… Read More>>
Hong Kong-listed ESR achieved what it termed a “stellar performance” for the first half of 2022, with the real asset manager’s earnings before interest, tax, depreciation and amortisation rising 15.3 percent year-on-year to reach $665 million.
The pro forma results… Read More>>
Japan’s data centre market, valued at $7 billion in 2021 is expected to reach $10 billion by 2026 given the world’s third largest economy’s urbanised society and burgeoning IT industry sector. Leading digital player and cultural superpower, South Korea, also… Read More>>
ESR has found a partner for a HK$11 billion ($1.4 billion) logistics project which it purchased last month in Hong Kong, with the industrial specialist announcing a joint venture on Monday with local developer Chinachem Group.
Entering the logistics sector… Read More>>
Real asset manager ESR announced on Monday that it has raised more than $1 billion for its first financing vehicle dedicated to data centre projects.
Having assembled a pipeline of eight projects representing over 300 megawatts in capacity across Asia,… Read More>>
ESR has acquired a business park in the Shanghai biotech cluster known as Zhangjiang Pharma Valley, marking the industrial specialist’s first-ever life sciences asset.
Hong Kong-listed ESR bought the two-building campus from mainland developer Yango for an undisclosed price earlier… Read More>>
ESR has acquired its second project ever in Hong Kong, having shouldered aside two competing bids to secure a logistics site at the city’s Kwai Chung container port for nearly HK$5.26 billion ($668.7 million), according to an announcement made late… Read More>>
Industrial specialist ESR has expanded its footprint in Greater Melbourne with the acquisition of five income-producing properties via a GIC-backed fund for A$106.5 million ($73.5 million).
The assets in the suburbs of Truganina, Kilsyth, Keysborough, Port Melbourne and Dandenong in… Read More>>
In today’s roundup of regional news headlines, Singapore-listed Ascendas India Trust is reportedly in talks to acquire L&T Realty’s commercial portfolio, Chinese developer Shimao gets permission from creditors for an onshore bond extension, and buyers snap up flats at a… Read More>>
Logistics giant ESR is beefing up its second Korean development joint venture with APG and the Canada Pension Plan Investment Board, with plans to increase the vehicle’s total equity investment capacity to as much as $2 billion.
Known as ESR-KS… Read More>>
