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  • Photo: ESR

17.08.2021

Artikel Nummer: 37307

More international investors in China


The Dutch pension fund asset manager APG Asset Management (APG), ESR Cayman (ESR) and another global institutional investor have agreed to launch a logistics development platform in China, the ESR China Development Platform (ECDP).

 

With an initial equity commitment of USD 1 billion ECDP provides a potential investment capacity of up to USD 4 billion over time. As global e-commerce sales are expected to grow USD 1.5 trillion by 2025 to reach USD 3.9 trillion, this demand will require an additional 138 million sqm logistics space worldwide.

 

Currently, ESR manages a real estate portfolio of USD 6.7 billion in AUM and 8.5 million sqm in GFA in China. The new transaction is subject to relevant regulatory approval. (sh)

www.apg.nl

www.esr.com

 

 

 

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