Milestones & Achievements
Striving for excellence in all that we do.
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MILESTONES
ESR has come a long way, achieving many milestones that are monumental to our growth. We strive to provide space and investment solutions for a sustainable future and our ambitions as a firm extend well beyond the pursuit of financial success.
On 20 January 2022, ESR officially completed the acquisition of ARA. The enlarged ESR Group is now APAC’s largest real asset manager powered by the New Economy, and the third largest listed real estate investment manager globally.
ESR-REIT has been renamed as ESR-LOGOS REIT, following the completion of the merger between ESR-REIT and ARA LOGOS Logistics Trust.
ESR announces its first US$1 billion infrastructure fund in ASEAN in collaboration with EXIM Bank.
The first close of over US$1 billion inaugural Data Centre Fund was announced.
ESR acquires its first life sciences business park in Shanghai Zhangjiang Hi Tech Development Zone.
ESR announces its dividend policy on 13 July 2022.
With effect from 15 March, ESR Cayman was included as a constituent of the Hang Seng Composite Index (HSCI), and the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programmes.
Expanded into the data centre business by acquiring a key data centre asset in Osaka, which will be developed into a US$2 billion multi-phase data centre campus of up to 78MW IT load, and a strategic asset in Hong Kong, which will be developed into a 40MW data centre, respectively.
Upsized the joint investment in Korea Income Joint Venture to US$1 billion with CPP Investments.
Made our maiden entry into Vietnam through a joint venture with BW Industrial.
Completed the acquisition of A$3.8b Milestone Portfolio and operating business from Blackstone in partnership with GIC. The acquisition marked Australia’s largest ever logistics and general property portfolio transaction.
Doubled the size of Japan Logistics Fund III (RJLF3) to JPY150 billion.
Launched Australia Logistics Partnership II (EALP II), an extension of the successful EALP.
Announced the proposed acquisition of 100% of the share capital of ARA Asset Management for US$5.2 billion.
Established ESR China Development Platform (ECDP) with an initial equity commitment of US$1 billion with APG and another global institutional investor to develop and own institutional-grade logistics facilities in China.
Announced ESR-REIT’s proposed merger with ARA LOGOS Logistics Trust to form ESR-LOGOS REIT, representing one of the value-enhancing steps under the proposed ARA acquisition.
Launched ESR Japan Income Fund (JIF) with a target of US$10 billion GAV by 2026.
Closed our first Sustainability-Linked Loan and subsequently upsized it to the hard cap of US$1 billion within one month.
ESR Kendall Square REIT closed US$400 million follow-on equity offering, which marked the largest ever follow-on offering for a listed REIT in Korea.
Entered into a strategic partnership with GIC to establish a joint venture focusing on the development of institutional grade facilities in key cities across the PRC.
Bucheon Logistics Park received APAC’s first Gold Certification for logistics properties from International WELL Building Institute’s (IWBI) WELL Building Standard (WELL).
In March, launched the core-plus ESR Australia Logistics Partnership (EALP), which was anchored by GIC. In September, GIC increased its stake in EALP to 80%, following the selldown of ESR Australia’s stake in line with the strategy outline at the time EALP was established.
Established a new development joint venture with APG and CPP Investments, ESR-KS II, to invest in and develop an industrial and warehouse logistics portfolio in the Seoul and Busan metropolitan areas.
Launched ESR Australia Development Partnership (EADP), an Australia-focused develop-to-hold logistics fund, anchored by GIC as the cornerstone investor.
Established a new joint venture with Manulife and PGGM, which completed the acquisition of four institutional-grade logistics properties from RCLF.
Completed the development of ESR Amagasaki Distribution Centre, the largest domestic consumption warehousing project in Japan and in APAC with a GFA of 388,570 sqm.
In joint venture with AXA Investment Managers - Real Assets, completed the acquisition of ESR Kuki Distribution Centre in Greater Tokyo, from RJLF II.
With effect from 30 November, ESR Cayman has been included as a constituent of the MSCI Hong Kong Index.
EALP purchased a portfolio of 11 assets primarily located in Sydney, Melbourne and Brisbane from Propertylink Australian Industrial Partnership II (PAIP II), an ESR-managed partnership.
Established a joint venture with GIC to develop and invest in industrial and logistics real estate in India.
Successfully listed ESR Kendall Square REIT (stock code: 365550) on the KRX KOSPI Market of the Korea Exchange.
In April acquired 100% of the securities of Propertylink, and Propertylink was subsequently delisted from the ASX.
Established the Japan Logistics Fund III in May.
Increased our holdings in the equity interest of Sabana Manager to approximately 96.0% in August.
Entered into an umbrella agreement in August to establish our new fund in Australia.
Completed the disposal of seven balance sheet properties to NCI Core Fund.
Listed on the Main Board of The Stock Exchange of Hong Kong on 1 November (Stock Code: 1821).
Made a strategic investment in the Hong Kong-listed China Logistics Property Holdings, the third largest logistics real estate player in the PRC.
Established our first South Korea core fund.
Acquired the entire equity interest in Commercial & Industrial Property Pty Ltd (CIP), a leading property development group in Australia.
In October, ESR-REIT merged with Viva Industrial Trust (VIT), marking the first merger of REITs listed on the Singapore Exchange.
Established our first Japan core logistics fund, under which we subsequently formed a new core joint venture in December with AXA Investment Managers – Real Assets and a major sovereign wealth fund.
Partnered with New China Life Insurance Company Ltd. and established the NCI Core Fund.
Established our first logistics and industrial fund in India with a global real estate investor based in Germany.
Established our first PRC core fund to focus on investing in mature income-yielding logistics properties in the PRC.
Expanded into the Singapore market and obtained control of the ESR-REIT manager and subsequently became the second largest unitholder of ESR-REIT.
Expanded into the Indian market and established an experienced local management team.
Expanded into Australia by becoming the largest securityholder of Centuria Capital Group (an ASX-listed property funds manager); and making an equity investment in Propertylink Group (a real estate group specialising in Australian industrial and office investments, listed on ASX) and became its single largest securityholder.
In January, e-Shang and Redwood merged to form ESR.
Launched ESR’s first post-merger development fund in Japan.
e-Shang formed a Korea logistics development fund.
e-Shang formed a PRC logistics development fund.
e-Shang expanded into South Korea.
Redwood formed its first Japan logistics development fund.
Redwood formed its first PRC logistics development fund.
Warburg Pincus co-founded e-Shang with Jeffrey Shen.
Charles Alexander de Portes and Stuart Gibson founded the Redwood group to invest in modern logistics facilities in Asian.
ACHIEVEMENTS
At ESR, we are recognised for our industry-leading efforts from capital raising to green initiatives and sustainable operations. We take pride in setting a benchmark in logistics facilities and related fund management around the APAC region.
PERE
2021 PERE Global Awards
Deal of the Year: Asia
Asia
GRESB (Global Real Estate Sustainability Benchmark)
2022 GRESB Assessment
Redwood Japan Logistics Fund II LP, RJLF 3 Co-Investment Platform:
- Regional Sector Leader in the “Asia, Industrial” category under the Development Benchmark
- GRESB 5 Stars
Japan
ESR Kendall Square Development JV II:
- Regional Sector Leader in the “Asia, Industrial” category under the Development Benchmark
- GRESB 5 Stars
South Korea
ESR Kendall Square REIT – Subsidiary REIT No. 1 Co., Ltd. under the Standing Investments Benchmark:
- GRESB 5 Stars
South Korea
Peninsula Investment Partners:
- Regional Sector Leader in the “Asia, Diversified: Office/Retail – Non-Listed” category under the Standing Investments Benchmark
Greater China
E-Shang Star Cayman under the Development Benchmark:
GRESB 5 Stars
Greater China
Fortune REIT (Hong Kong), Prosperity REIT (Hong Kong) under the Standing Investments Benchmark:
GRESB 5 Stars
Greater China
ESR India Logistics Fund Pte Ltd under the Development Benchmark:
GRESB 5 Stars
India
Suntec REIT:
Global Sector Leader in the “Global, Office – Listed” category, under the Standing Investments Benchmark, for a second year
Singapore
Ernst & Young
EY Entrepreneur of the Year 2021 – Real Estate Category
Jeffrey Shen & Stuart Gibson, Co-founders & Co-CEOs
China
Phoenixnet Finance
2020 Fengqi Wutong Hong Kong Stocks Financial Summit
Best Investor Relations – Listed Company
Hong Kong
GRESB (Global Real Estate Sustainability Benchmark)
2021 GRESB Assessment
South Korea: ESR Kendall Square Development JV 1
“Regional Sector Leader” in Asia’s industrial real estate sector, Development Benchmark
GRESB 5 Stars
1st in several “GRESB Development” rankings
South Korea
Japan: Redwood Japan Logistics Fund II LP, RJLF 3 Co-Investment Platform and PGGM RJLC LP
Each with GRESB 5 Stars
1st in several “GRESB Development” rankings
Japan
China: Redwood China Logistics Fund LP
1st “China industrial: distribution warehouse non-listed” in “GRESB Development” Benchmark
1st “GRESB Score within industrial non-listed opportunistic” in “GRESB Standing Investments” Benchmark
China
India: ESR India Logistics Fund Pte Ltd
GRESB 4 Stars
India
Australia: POP III
GRESB 4 Stars
Australia
IR Magazine
IR Magazine Awards – Greater China 2021
IR Magazine's Choice Award for Innovation in IR
Greater China
Reed MIDEM
MIPIM Asia Awards 2020
Best Infrastructure, Community & Civic Building
Gold Award: Amagasaki Distribution Centre
APAC
PERE
PERE APAC Fund Manager Guide
Ranked 5th among leading APAC-focused real estate fund managers
APAC
Exchange4media Group
Realty+ Conclave & Excellence Awards 2021
Best Industrial Project of the Year: Chakan 1 Industrial & Logistics Park
India
ABINC (Association for Business Innovation in harmony with Nature and Community)
ABINC Certification
Amagasaki Distribution Centre
Yokohama Sachiura Distribution Centre 1
Japan
CASBEE (Comprehensive Assessment System for Built Environment Efficiency)
CASBEE A
Amagasaki Distribution Centre
Kawasaki Yako Distribution Centre
Moriya Distribution Centre
Toda Distribution Centre
Yokohama Sachiura Distribution Centre 1
Japan
GRESB (Global Real Estate Sustainability Benchmark)
GRESB Developer Assessment
ESR Cayman – Sector Leader
Asia
South Korea – Ranked first in the following categories:
- Overall GRESB Score within Industrial in Asia
- Developer, Eastern Asia, Industrial, non-listed
South Korea
Japan – Ranked first in the following category:
- Development score within Industrial/Asia
Japan
Japan – Ranked second in the following category:
- Developer, Eastern Asia, Industrial, non-listed
Japan
IR Magazine
IR Magazine Awards – Greater China 2020
IR Magazine's Choice Award
Greater China
The U.S. Green Building Council
LEED Silver Certification
Conghua Dexun Logistic Center
Dalian Logistics Park
Everbeauty Reconstruction Project
Gimpo Logistics Park
Wongok Logistics Park
PRC & South Korea
PERE
PERE APAC Fund Manager Guide
Ranked 5th among leading APAC-focused real estate fund managers
APAC
PERE
2019 PERE Global Awards
Logistics Investor of the Year: Asia (first runner-up)
Asia
Firm of the Year: Japan (second runner-up)
Japan
Organisation for Landscape and Urban Green Infrastructure
19th Rooftop/Wall Greening Technology Contest
Chairman's Award: Ichikawa Distribution Centre
Japan
CASBEE (Comprehensive Assessment System for Built Environment Efficiency)
CASBEE A
Ichikawa Distribution Centre
Nagoyaoda Distribution Centre
Noda Distribution Centre
Japan
Japan Design Space Association & Japan Commercial Environmental Design Association
Kukan Design Award
BEST 100: KLÜBB Lounge (Lounge for workers) East & West and BARNKLÜBB (Children’s day-care centres) of Ichikawa Distribution Centre
Selected Works: KLÜBB Lounge and BARNKLÜBB of Kuki Distribution Centre
Japan
The U.S. Green Building Council
LEED Gold Certification
Goyang Logistics Park
South Korea
PERE
2018 PERE Global Awards
Firm of the Year: Australia (winner)
Australia
Firm of the Year: Japan (second runner up)
Japan
Firm of the Year: India (second runner up)
India
PERE
PERE 100
Ranked 21st among the world’s leading private equity real estate firms
APAC
International WELL Building Institute
WELL Gold Certification
Bucheon Logistics Park
South Korea
ABINC (Association for Business Innovation in harmony with Nature and Community)
ABINC Certification
Nanko Distribution Centre 2 (first logistics facility in Japan being granted this certification)
Japan
REITs Asia Pacific
Asia Pacific Best of the Breeds REITs Awards 2018
Platinum Award: Industrial REIT (Singapore) less than 1 billion market capitalisation
Singapore
British Chamber of Commerce in Japan
2018 British Business Awards
Social and Environmental Contribution Award
Japan
CASBEE (COMPREHENSIVE ASSESSMENT SYSTEM FOR BUILT ENVIRONMENT EFFICIENCY)
CASBEE A
- Nanko Distribution Centre 2
- Yatomi Distributiom Centre
Japan
Korea Environmental Industry and Technology Institute
Energy Efficiency of Building
Bucheon Logistics Park
South Korea
FinanceAsia
FinanceAsia Achievement Awards 2018
Best Singapore Deal – Merger between ESR-REIT and Viva Industrial Trust
Singapore
Korea Appraisal Board
Green Building Certificate
Bucheon Logistics Park
South Korea
GRESB (Global Real Estate Sustainability Benchmark)
GRESB Developer Assessment
Ranked first in the following category:
- Developer, East Asia, non-listed
South Korea
Ranked fifth in the following category:
- Global, developer
South Korea
IR Magazine
IR Magazine Awards - South East Asia 2018
Certificate of Excellence – Best IR during a corporate transaction
Singapore
The U.S. Green Building Council
LEED Gold Certification
Bucheon Logistics Park
South Korea
Yatomi Distribution Centre
Japan
Zhejiang Yuhang Park Phase I
PRC
PERE
PERE 50
Ranked 29th among the world’s leading private equity real estate firms
APAC
The Asset
The Asset Triple A Regional Awards 2018
Best Domestic M&A – ESR-REIT S$936.7 million acquisition of Viva Industrial Trust
Singapore
CASBEE (Comprehensive Assessment System for Built Environment Efficiency)
CASBEE A
Fujiidera Distribution Centre
Japan
Kawajima Distribution Centre
Japan
Kazo Distribution Centre
Japan
Nagoya Minami Distribution Centre
Japan
The U.S. Green Building Council
LEED Gold Certification
Jiangsu Wuxi Park
PRC
CASBEE (Comprehensive Assessment System for Built Environment Efficiency)
CASBEE A
Kawagoe Distribution Centre
Japan
Nanko Distribution Centre 1
Japan
Narita Distribution Centre
Japan
CASBEE (Comprehensive Assessment System for Built Environment Efficiency)
CASBEE B+
Chiba Kita Distribution Centre
Japan
The U.S. Green Building Council
LEED Gold Certification
Kunshan Yushan Park
PRC
CASBEE (Comprehensive Assessment System for Built Environment Efficiency)
CASBEE A
Namamugi Distribution Centre
Japan
Namamugi Distribution Centre
Japan
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Our Purpose and values
We strive to provide space and investment solutions for a sustainable future and we’re driven by our core values of excellence, inclusion, entrepreneurship and sustainability.