ESR Establishes A$350 Million Logistics Mandate in Australia

11 November 2019: ESR Establishes A$350 Million Logistics Mandate in Australia

ESR Cayman Limited (ESR or the Group; SEHK Stock Code: 1821), the largest APAC focused logistics real estate platform, announces it has established a new mandate with China Merchants Capital Investment Co. Ltd (China Merchants Capital). The new mandate – to be known as ESR Australia Logistics Trust (EALT) – will be seeded with A$175 million (equivalent to approximately US$120 million) of ESR’s balance sheet assets in Australia and has a target to grow its total assets to A$350 million (equivalent to approximately US$240 million) over the next 12 months. Read more in the media release below.

Media Release