ESR, Chinese Insurers to Acquire Logistics Assets Via $235 Million Fund
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Photo: ESR
(DealStreetAsia) — ESR Group Ltd., the Asia-Pacific real asset owner and manager focused on logistics real estate, data centers, and energy infrastructure, has agreed to set up a 1.6 billion yuan ($234.6 million) fund with two Chinese insurance groups, according to an announcement.
The fund is expected to acquire two of ESR’s multi-story logistics and industrial assets in Shanghai and Suzhou, subject to customary conditions.
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