ESR acquires 5.9msf portfolio in China

ESR Cayman, Asia Pacific’s largest real asset manager powered by the New Economy, has completed the acquisition of a prime logistics and industrial portfolio in Greater Shanghai in partnership with a leading global institutional investor.

The portfolio, which consists of 11 completed logistics and industrial assets with a total gross floor area of more than 550,000 square meters (5.9 million square feet), represents the largest logistics and industrial portfolio ever sold in Greater Shanghai. The portfolio is concentrated in the Yangtze River Delta region, spanning major cities including Shanghai, Kunshan, Suzhou, Taicang and Hangzhou, with high exposure to dense population centers and excellent access to transportation systems.

Jeffrey Shen, co-founder and co-CEO of ESR, said, “A high-quality existing portfolio of this size, strategic location and value-add potential is a rare opportunity in the closely held greater Shanghai market. We are very pleased to collabor