Photo from Envato Elements

ESR Group boosts stake in LOGOS Property

The former head of LOGOS Southeast Asia sold his 1.3% stake to ESR.

ESR Group has increased its stake in LOGOS Property (LOGOS) by acquiring shares from the remaining founders. 

Stephen Hawkins, former head of LOGOS in Southeast Asia, sold his 1.31% stake to ESR for $12.08m (US$9m) on 20 June. 

The co-founders, Trent Iliffe and John Marsh, each holding a 6.15% stake in LOGOS, are currently in advanced discussions with ESR regarding the sale of their shares. 

As of 2023, LOGOS had assets totalling $802.3m and liabilities of $204m. 

Upon completion of the shares acquisition, LOGOS will become an indirect wholly-owned subsidiary of ESR, enabling full integration of ESR and LOGOS businesses across APAC. 

This will result in increased market presence, broader capital and tenant relationships, market certainty, and operational synergies.​

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Startup Surge Motion eyes US expansion 
The company is pioneering a technology in fall prevention for the elderly.
OKOSIX eyes $5m funding to increase reach
The green-tech startup will use the funds to apply for global patents and scale production.
Contracting jobs in high demand in Hong Kong
Interim hires, who don’t need fringe benefits, are favoured amidst corporate belt-tightening.
Hong Kong shops need new strategy versus mainland
They must innovate, improve service or partner with their rivals amidst slumping sales.