ESR Completes Privatisation, Strengthens Leadership Team

• Privatisation accelerates strategic transformation
• Starwood Capital Group, SSW Partners, Sixth Street, Warburg Pincus, and Qatar Investment Authority bring long-term capital and domain expertise
• New Independent Board Chair and strengthened executive team to lead next phase of growth

SINGAPORE, 4 July 2025 – ESR, a leading Asia-Pacific (“APAC”) real asset owner and manager, today marks its first day as a privately held entity, following its delisting from the Hong Kong Stock Exchange.

The business is now owned by a new shareholder group comprising Starwood Capital Group, SSW Partners, Sixth Street, Warburg Pincus, Qatar Investment Authority, and ESR’s founders. The new owners also include OMERS and Sumitomo Mitsui Banking Corporation, among others, who have elected to roll some or all of their equity into the go-forward privatised business.

The successful privatisation accelerates ESR’s strategic transformation to a simplified business focused on growing long-term value in its core businesses, including logistics and data centres, and harnessing the strengths of its APAC platform for capital partners and customers.

Following the privatisation, ESR has made several executive leadership appointments:

• Independent Board Chair: Brett Robson has been appointed Independent Board Chair, following his earlier appointment as Senior Adviser to the consortium in April 2025. Robson brings significant strategic, operational, managerial and investment expertise. He most recently served as Global Head of Macquarie Asset Management Real Estate. During his 21-year tenure at Macquarie, he held numerous leadership roles, including Global Head of Macquarie Capital Real Estate Investments, and served on various boards of its portfolio company investments and investment committees of its real estate funds. Robson previously held senior positions at Lend Lease. He currently serves as Chairman of Investa Management Holdings.

• President: Phil Pearce has been appointed President, overseeing the day-to-day execution of ESR’s strategic priorities and operations. Pearce joined ESR in 2017 and since then has held the positions of Group Deputy CEO, ESR and CEO of ESR Australia & New Zealand (ANZ), where he played a pivotal role in driving strategic growth and operational excellence. With over 25 years of experience across the APAC region, Pearce has held senior positions at Goodman Group and also worked at Ascendas REIT in Singapore and AMP Capital Limited in Sydney. Pearce will continue to serve as CEO of ESR ANZ, supported by a strong, in-market leadership team.

• Chief Financial Officer (“CFO”): Matthew Lawson was appointed CFO effective 1 June 2025. Lawson, who joined ESR in 2020, most recently served as Group Chief Operating Officer, and prior thereto as CFO of ESR Australia. Earlier in his career, Lawson was CFO of Hongkong & Shanghai Hotels Limited, and Managing Director and Head of Real Estate Investment Banking at JPMorgan. Lawson will continue to lead key performance and business simplification initiatives to drive operational excellence.

• Chief Investment Officer – Investor Solutions and Investments (“CIO-ISI”): Josh Daitch has been appointed CIO-ISI, focusing on supporting ESR’s clients through investor engagement, capital raising, product development, and fund management. This evolution of his role underscores ESR’s enhanced focus on client-centric solutions. He brings over 30 years of international real estate investment management experience and previously held senior positions at Goldman Sachs Realty Management and Mesirow Financial.

• Chief Investment Officer – Group Strategy and Investments (“CIO-GSI”): David Matheson will join ESR in July 2025 as CIO–GSI, focusing on corporate strategy, balance sheet investment management and capital allocation. Matheson brings extensive real estate investment, M&A and operational expertise. He previously served as Co-Head of Europe at Starwood Capital Group and Executive Vice President, Europe and Asia Pacific at Oxford Properties.

• Chief People Officer: Karine Scelles joined ESR earlier this year as Chief People Officer. Scelles brings extensive experience in human resources and organisational transformation. She held senior HR leadership roles for multiple leading multinational companies, including Otis, General Electric, and Alstom.

• Group Head of Development: John Marsh has been appointed Group Head of Development. He will lead group-wide strategic initiatives, drawing on his deep industry experience to drive customer, investor, and major development projects across ESR’s markets. Marsh co-founded LOGOS, which was fully integrated into ESR in 2024. Marsh continues to serve as Chairman of ESR ANZ.

In a joint statement, Stuart Gibson and Jeffrey Shen, Co-founders and Co-CEOs of ESR, said, “These appointments underscore our unwavering commitment to building a best-in-class platform to serve our stakeholders. That starts with exceptional talent, and we are thrilled to see Phil, Matthew, Josh, David, Karine, and John step into these critical roles. We look forward to their significant contributions as ESR enters its next exciting phase.”

Brett Robson, Independent Board Chair of ESR, commented, “The leadership changes mark an early and important milestone for ESR. Our collective ambition is to deliver excellence across all aspects of ESR’s business. These leadership appointments reflect that ambition.”