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  • Photo: ESR

25.08.2021

Artikel Nummer: 37406

An acquisition in Japan


M&G Real Estate Asia (M&G) has acquired a stake in the Singapore-based joint venture which owns the ESR Yatomi Distribution Centre (ESR Yatomi DC) in Japan on behalf of M&G Asia Property Fund.

 

The ESR Cayman Limited (ESR)'s APAC core direct real estate fund has USD 5.9 billion as of 30 June 2021 in assets under management.

 

The partial sale by ESR-managed Redwood Japan Logistics Fund II (“RJLF II”) and Redwood Investor (Kawajima) values ESR Yatomi DC at well over USD 200 million. ESR, M&G and a continuing JV investor see ESR Yatomi DC as well positioned in the context of growth in Japan logistics real estate investment and occupier markets.

 

ESR Yatomi DC, which was completed in 2018, is a multi-let, four-storey sloped facility with a net rentable area of approximately 95,000 sqm. (sh)

www.esr.com

www.mandg.com

 

 

 

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