by Amruth Sundarkumar | Aug 17, 2021 | Corporates
ESR Cayman has entered into an agreement with APG Asset Management, a Dutch asset manager and Singapore sovereign wealth fund GIC to launch a China warehouse investment fund worth as much as $4bn. The fund will invest in modern warehousing and industrial mixed-use...
by Amruth Sundarkumar | Aug 5, 2021 | Investment Grade Bonds
Hong Kong’s logistics real estate player ESR Cayman announced that it will acquire 100% of the integrated real estate fund manager ARA Asset Management for $5.2bn. The acquisition will see ESR Cayman buy all of ARA’s share capital with $4.7bn in new ESR shares and...
by bondevalue | Apr 19, 2021 | Singapore Dollar Bonds
Hong Kong-listed ESR Cayman announced via an exchange filing that it has entered into an agreement, along with sovereign wealth fund GIC, to buy an Australian property portfolio for A$3.8bn ($2.9bn) from asset manager Blackstone. Bidco, which is 80% owned by GIC...
by bondevalue | Mar 31, 2021 | China, High Yield Bonds
ESR Cayman, the integrated logistics real estate company backed by Warburg Pincus reported a strong set of results with profit after taxes and minority interest (PATMI) up 16.8% YoY to a record high of $286mn in FY2020. Revenues grew 8.7% YoY to $388mn in 2020 and its...
