ESR Group has plans to list three logistics projects in Kunshan, Jiangsu Province, China, through a publicly offered infrastructure securities investment fund (REIT) on the Shanghai Stock Exchange, according to a filing.
The three projects, referred to as Jiangsu Friend – I, Jiangsu Friend – II, and Jiangsu Friend – III, represent a significant part of ESR’s portfolio of high-quality logistics assets in China. These projects are being listed under a pilot program initiated by China’s National Development and Reform Commission (NDRC) and the China Securities Regulatory Commission (CSRC), aimed at facilitating infrastructure development through public investment.
ESR Group has confirmed its commitment to maintaining a significant stake in the REIT. At the final offer price, the company will subscribe for 39.37 percent of the total units. In addition, it has the option to
