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20ADVANCING AHEADYear in ReviewESR Australia & New Zealand and Frasers Property Industrial jointly acquire 64-ha land in South East MelbourneNote:1.Agreed enterprise value on a debt and cash free basis, including US$10 million of working capital. ESR Oragadam Industrial & Logistics Park, Chennai, India1Q20242Q2024%u2022%u0009 AnnouncedplanstodevelopESR%u2019sfourthdatacentresiteinJapan,a60MWproject in Ariake, Koto-Ku, Central Tokyo.%u2022%u0009 CommencedtwoadditionaljointventureprojectsinVietnamwithBWIndustrialDevelopment Joint Stock Company, driving the Group%u2019s Southeast Asia growth engine for regional scale.%u2022%u0009 SignedaMemorandumofUnderstandingwithKumamotoPrefecturalGovernment, Yatsushiro City, and Mercury Capital to create a large-scale logistics hub in southern Kumamoto Prefecture, Japan.%u2022%u0009 StrengthenedstrategicpresenceinChennai,Indiawithafurther27-acreland acquisition in ESR Oragadam Industrial & Logistics Park to support Tamil Nadu%u2019s commitment to becoming a major industrial hub.%u2022%u0009 BrokegroundonanewinvestmentinESRAsia Laemchabang %u2014 a customised advanced manufacturingfacilityspanning47,000sqmforHARMAN International in Thailand.%u2022%u0009 AnnouncedcollaborationwithMitsubishiFusoTruckandBusCorporationand Daimler Truck Financial Services Asia Co., Ltd. to jointly develop environmentally friendly e-mobility solutions to accelerate the electrification of logistics supply chain in Japan.%u2022%u0009 LaunchedKorea%u2019sfirstperpetual,open-endedcorelogisticsfund,reinforcing ESR%u2019s full cycle development track record.%u2022%u0009 ClosedESR%u2019sfirstcrossborderJPYsyndicatedsustainability-linkedloan(%u201cSLL%u201d), reinforcing the Group%u2019s leadership in sustainable financing.%u2022%u0009 AnnouncedthedivestmentoftheARAPrivateFundsbusinessforUS$270million1, delivering on substantial non-core divestment pipeline to double down on New Economy leadership.%u2022%u0009 EmergedasthesoleAsianwinneroftophonoursattheglobalMIPIMAwards 2024, garnering the %u201cBest Industrial & Logistics Project%u201d and %u201cSpecial Jury Award%u201d accolades for ESR Higashi Ogishima Distribution Centre.%u2022%u0009 Jointlyacquireda64-hectarelandparcelwithFrasersPropertyIndustrialin Melbourne%u2019s South East which will be developed into a premium industrial estate with a total end value of circa A$900 million.%u2022%u0009 ReceivedChinaSecuritiesRegulatoryCommissionapprovalfor the registration and listing of ESR C-REIT.