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Corporate Milestones

With its dedicated focus on APAC, ESR has rapidly developed into a leading logistics real estate platform.

  • In April acquired 100% of the securities of Propertylink, and Propertylink was subsequently delisted from the ASX

    Established the Japan Logistics Fund III in May

    Increased our holdings in the equity interest of Sabana Manager to approximately 93.8% in June

    Entered into an umbrella agreement in August to establish our new fund in Australia

    Completed the disposal of seven balance sheet properties to NCI Core Fund

    Listed on the Main Board of The Stock Exchange of Hong Kong on 1 November (Stock Code: 1821)

  • Made a strategic investment in the Hong Kong-listed China Logistics Property Holdings, the third largest logistics real estate player in the PRC

    Established our first South Korea core fund

    Acquired the entire equity interest in Commercial & Industrial Property Pty Ltd (CIP), a leading property development group in Australia

    In October, ESR-REIT merged with Viva Industrial Trust (VIT), marking the first merger of REITs listed on the Singapore Exchange

    Established our first Japan core logistics fund, under which we subsequently formed a new core joint venture in December with AXA Investment Managers – Real Assets and a major sovereign wealth fund

    Partnered with New China Life Insurance Company Ltd. and established the NCI Core Fund

    Established our first logistics and industrial fund in India with a global real estate investor based in Germany

  • Established our first PRC core fund to focus on investing in mature income-yielding logistics properties in the PRC

    Expanded into the Singapore market and obtained control of the ESR-REIT manager and subsequently became the second largest unitholder of ESR-REIT

    Expanded into the Indian market and established an experienced local management team

    Expanded into Australia by becoming the largest securityholder of Centuria Capital Group (an ASX-listed property funds manager); and making an equity investment in Propertylink Group (a real estate group specialising in Australian industrial and office investments, listed on ASX) and became its single largest securityholder

  • In January, e-Shang and Redwood merged to form ESR

    Launched ESR’s first post-merger development fund in Japan

  • e-Shang formed a Korea logistics development fund

  • e-Shang formed a PRC logistics development fund

    e-Shang expanded into South Korea

  • Redwood formed its first Japan logistics development fund

  • Redwood formed its first PRC logistics development fund

  • Warburg Pincus co-founded e-Shang with Jeffrey Shen

  • Charles de Portes and Stuart Gibson founded the Redwood group to invest in modern logistics facilities in Asia