The Canada Pension Plan Investment Board has agreed to the sale of a 21 percent partial interest in the Kendall Square Development Venture with ESR and APG in South Korea, with CPPIB poised to net $245 million in proceeds from… Read More>>
ESR to Equip Korean E-Commerce Warehouse as Hydrogen-Powered Facility
Industrial specialist ESR has entered into a preliminary deal to convert one of the group’s South Korean logistics properties into what’s billed as the nation’s first hydrogen-powered fulfilment centre.
ESR’s Korean unit, Kendall Square Asset Management, signed a memorandum of… Read More>>
ESR, CPPIB Add $500M to Korean Logistics JV After REIT Success
Hong Kong-listed logistics giant ESR and Canadian pension fund manager CPPIB will expand their Korea Income Joint Venture, effectively doubling the size of the vehicle to $1 billion in total equity allocation.
The two partners on Thursday announced plans to… Read More>>
CapitaLand China Retail REIT Sells Wuhan Properties and More Asia Real Estate Headlines
In today’s news roundup, Singapore-listed CapitaLand Retail China Trust makes a deal to sell properties in Wuhan, a female executive is sought on suspicion of a casino heist on South Korea’s Jeju island, and Australia blocks the Chinese buyout of… Read More>>
ESR Launches Korean REIT, Looks Forward to 2021 Data Centre Debut
Shares began trading in Korea’s first dedicated logistics REIT on 23 December as ESR’s Korean unit finalised an initial public offering that helped the warehouse specialist and fund manager raise $650 million.
Following the Wednesday trading debut at KRW 5,000… Read More>>
ESR Prices Shares for $320M Korean Logistics REIT
After holding Hong Kong’s third-largest IPO of 2019, warehouse specialist ESR is headed for a $320 million debut on Korea’s KOSPI exchange this month, according to an announcement late last week by the developer and fund manager.
Following a road… Read More>>