ESR Strengthens Singapore Logistics Platform with CEVA Logistics and Allied Container Group, Backed by New Investments

SINGAPORE, 8 May 2025 – ESR Group Limited (“ESR” or the “Group”), Asia-Pacific’s (“APAC”) leading New Economy real asset owner and manager, has brought together a consortium of investors for the development of a modern multi-storey warehouse and automated container depot in Singapore.

Located at the established Jurong industrial cluster in the west of Singapore, the new circa 143,000 square metre Sunview Logistics & Container Hub (“Sunview Hub”), developed by ESR, will be one of the largest such facilities in the country when fully operational in 2027. Equipped with a provision for approximately seven megawatts-peak of solar power generation which is expected to be one of the largest single rooftop solar facilities, the system is expected to cover a sizeable portion of the energy requirements of the buildings and customers.

ESR formed the investor consortium comprising real estate company Tokyu Land Corporation as well as four other Japanese investors in collaboration with cross border investment services provider TRI Investment Management – namely, real estate companies Hulic Co., Ltd.; construction company Nishimatsu Construction Co. Ltd.; leasing company Fuyo General Lease Co., Ltd.; and investment bank RISA Partners, Inc. This milestone strengthens ESR’s logistics real estate portfolio in Singapore, attracting foreign investment and contributing to the country’s logistics infrastructure and status as a global supply chain hub.

Sohei Okuno, Hulic Co., Ltd’s General Manager of Global Investment Department, said that Japanese real estate companies continue to have a positive outlook on Singapore’s logistics sector because of its strong fundamentals and stable returns. He added, “This is a rare opportunity for Hulic Co., Ltd to invest in a prime asset anchored by high-quality tenants. Our partner ESR brings an extensive track record in managing logistics developments and properties and, through our collaboration, we are excited that this acquisition and investment project will further expand our regional footprint.”

Takahiro Aoki, Head of Tokyu Land Corporation’s Asia Business Division, said, “With strong confidence in the continuous growth of the APAC region’s logistics sector, we appreciate the investment opportunity to develop Sunview Hub, which is a state-of-the-art logistics facility in Singapore. As a leading real estate developer that is in pursuit of sustainability, we hold high regard for environmentally friendly business models like Sunview Hub’s solar power generation system. We are thrilled to be a part of this strategic joint venture partnership with ESR while we continuously work together to expand our portfolio for logistics investments in the APAC region.”

Jai Mirpuri, Head of Southeast Asia, ESR, said, “With Tuas Mega Port set to become the world’s largest fully automated terminal and container traffic on the rise, the demand for next-generation logistics facilities will continue to grow in tandem with Singapore’s role at the heart of global trade. As a long-term partner that has invested in Singapore since 2007, ESR is committed to using the scale, capabilities, and resources of our pan-APAC platform to drive value for our investors and customers, while enabling a vibrant trade ecosystem and sustainable and resilient global supply chain.”

Container haulage and yard operator Allied Container Group (“Allied”) will be one of the two anchor customers at the built-to-suit Sunview Hub, alongside CEVA Logistics (“CEVA”), a world leader in third party logistics.

The investment in Sunview Hub also includes a S$50 million commitment from Allied for the integration of an automated container storage retrieval system with storage capacity of 16,000 twenty-foot equivalent units (“TEUs”), which will enable the storage of shipping containers with greater efficiency. The consolidation and optimisation of operations at Sunview Hub is expected to realise 67% savings in land utilisation and increase Allied’s storage capacity by 30%. Operating efficiency will also improve by 30% with a reduction in turnaround time by truckers of over 66%.

Lim Kian Chin, Managing Director, Allied Container Group, said, “The consolidation of Allied’s depot and warehouse operations into a cutting-edge, state-of-the-art super hub at Sunview marks a transformative leap forward. This world-class one-stop hub maximises synergy, enhances efficiency, and optimises costs, ensuring seamless service to meet and exceed industry requirements. Designed for scalability and innovation, the facility strategically positions Allied to pivot and adapt to evolving industry landscapes, preparing the company for future growth and challenges. The proximity advantage reduces our carbon footprint by shortening on-the-road duration for container deliveries between our unified depot and warehouse facilities, while our highly automated, clean-energy-powered depot underlines our commitment to sustainability and social responsibility. This integration reinforces Allied’s 50-year legacy of leadership in providing forward-thinking, eco-conscious logistics solutions.”

CEVA Logistics sees the facility as part of a strategic plan to bolster its Contract Logistics business in the west of Singapore. CEVA already has two fully automated warehouses in the vicinity and the new site at Sunview will increase CEVA’s total footprint to 370,000 square metres across 18 sites, making it the second largest contract logistics powerhouse in the country.

Brunno Matta, Senior Vice President, Contract Logistics, APAC, CEVA Logistics, said, “CEVA supports a wide variety of industries offering specialised logistics solutions and facilities to support unique and complex customer needs. Enhancing the customer experience is always our top priority. The addition of this new site to our contract logistics footprint aligns with our warehousing strategy and goals related to sustainability, automation and customer centricity.”

With two buildings, Sunview Hub is situated on a land parcel of approximately 72,000 square metres, with a total gross floor area that is double the land size. Featuring a two-storey automated container depot and a six-storey warehouse, the facility will provide customers with convenient access for goods movement via Tuas Mega Port and Tuas Checkpoint, as well as excellent local connectivity.

The development of Sunview Hub brings the Group’s portfolio to over 60 assets in Singapore, offering investors and customers diversified, high-quality space and investment solutions to tap opportunities in the country’s vibrant real estate sector.