OMERS Administration has acquired an additional 7 percent in ESR Cayman, valued at $506 million, from Warburg Pincus’ WP OCIM One, bringing its its total stake to 15.96 percent.
ESR is among the largest Asia Pacific–focused logistics real estate platforms by gross floor area, with more than 17.2 million square meters (185 million square feet) in operation and under development, as of December 2019.
WP OCIM One will retain company shares and other shares accounting for approximately 9.1 percent of the company’s issued shares.
OMERS Administration is a non-share capital corporation that acts as the administrator of the pension plans governed by the Ontario Municipal Employees Retirement System.
