ESR Group announced its maiden entry into the logistics market in Hong Kong by winning the Hong Kong government Kwai Chung LOT KCT531 land bid to develop a modern logistics site, further expanding its strategic network of institutional-grade New Economy real estate.
In line with the company’s asset light strategy, ESR, through its wholly owned subsidiary Sunrise Victory Ltd., is committed to form a fund with its capital partners to develop and hold the asset.
The 55,245 square-meter (594,652-square-foot) site has a maximum gross floor area of 138,000 square meters (1.5 million square feet) and a new 50-year lease expiring in 2072. The site is located in the New Territories at the junction of Mei Ching Road and Container Port Road South, Kwai Chung, commanding a strategic geographic location that is easily accessible by established road networks to Hong Kong’s central business districts, international airport and the mainland China border. Kwai Chung is widely consi
