ESR enters co-investment agreement to form logistics platform in China

A total of $271.22m is under commitment from ESR.

ESR Cayman Limited entered into a co-investment platform agreement to form the New China Development Platform.

Along with two other investors, APG and RECO, the fund aims to invest in warehousing and industrial mixed-use properties to be managed by the group. Each company will hold 20% shareholding in the projects covered by the fund.

In the agreement, ESR is willing to contribute up to $271.22m, with room for an additional 20% of the total capital commitment by the investors should the Re-Up Option be used. APG and RECO, meanwhile, agree to a contribution of $542.32m each.

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!

Top News

Gov’t deficit hits $183b 
The government took into account the proceeds of $20b received from the issuance of green bonds.   The government recorded a deficit of $183b in the first five months of the current financial year, taking into account the proceeds of $20b received from the issuance of green bonds.   There was a deficit because some major types of revenue like salaries and profits taxes are received towards the end of a financial year.    In the first five months, government expenditure was $319.2b, whilst revenue was $116.2b.
Economy