ESR Group Limited (ESR) is an Asia focused Real Estate services and investment company. It focuses on building and managing logistics properties such as warehouses and distribution centers. It is incorporated in the

Cayman Islands The Cayman Islands () is a self-governing British Overseas Territories, British Overseas Territory, and the largest by population. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located so ...

but headquartered and listed in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

. Due to its acquisition of ARA Asset Management in 2022, ESR has become one of the largest real estate investment management companies in the world. In 2022, the company was ranked by PERE (under

Private Equity International ''Private Equity International'' (PEI) is a global insight, analysis and data provider for the private equity industry, with a core focus on the relationship between investors and fund managers: the LP- GP nexus. Launched in December 2001, the t ...

) as the 4th largest

Private Equity Real Estate Private equity real estate is a term used in investment finance to refer to a specific subset of the real estate investment asset class. Private equity real estate refers to one of the four quadrants of the real estate capital markets, which incl ...

firm based on total fundraising over the most recent five-year period.

History

ESR was formed in January 2016 as the result of a merger between e-Shang and the Redwood Group to form e-Shang Redwood which is better known as ESR. e-Shang was a

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

-based logistics platform that was co-founded by Shen Jinchu and Sun Dongping along with private equity firm,

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. As of April 2024 the f ...

. The Redwood Group was a

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

-based logistics platform founded in 2006 by Stuart Gibson and Charles de Portes who were former employees of Prologis. In November 2018, ESR acquired

Sydney Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Syd ...

based real estate investment manager, Propertylink for $522 million leading to its delisting from the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

in 2019. In June 2019, ESR announced an initial public offering by listing on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

but postponed its plans due to poor market conditions. On 1 November 2019, ESR completed its initial listing where it raised US$1.6 billion. In August 2021, ESR announced it would acquire Singaporean Real Estate management firm, ARA Asset Management for US$5.2 billion. On 20 January 2022, ESR completed its acquisition of ARA Asset Management. This led to ESR having US$140 billion assets under management making it the third-largest listed real estate investment manager globally. The acquisition also included LOGOS, an Australian logistics real estate firm which was a subsidiary of ARA Asset Management. In May 2024, ESR announced that Warburg Pincus were in discussions with a consortium that included

Starwood Capital Group Starwood Capital Group is an investment firm headquartered in Miami Beach, Florida. It is managed by Barry Sternlicht. It was co-founded by Sternlicht and Robert Faith in 1991. In 1993, Faith left Starwood to found Greystar Real Estate Partn ...

and Sixth Street Partners to take ESR private. In June 2025, shareholders approved the deal in a $7 billion buyout.

Business overview

ESR has three main business lines. # Investments (direct

Real estate investing Real estate investing involves purchasing, owning, managing, renting, or selling real estate to generate profit or long-term wealth. A real estate investor or entrepreneur may participate actively or passively in real estate transactions. The p ...

) # Fund Management (management of funds and investment vehicles related to properties including REITs) #

Development Development or developing may refer to: Arts *Development (music), the process by which thematic material is reshaped * Photographic development *Filmmaking, development phase, including finance and budgeting * Development hell, when a proje ...

(building and sale of logistics properties including land sourcing, design, construction and leasing) Most of the properties held in ESR's portfolio are Logistics Parks. As per the 2020 annual report of ESR, most of its top 10 tenants that it leases to are from the

e-commerce E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile co ...

sector such as

Amazon Amazon most often refers to: * Amazon River, in South America * Amazon rainforest, a rainforest covering most of the Amazon basin * Amazon (company), an American multinational technology company * Amazons, a tribe of female warriors in Greek myth ...

, JD.com,

Coupang Coupang, Inc. () is a US-based technology company headquartered in Seattle, Seattle, Washington and incorporated under the Delaware General Corporation Law. Founded in 2010 by Bom Kim, the company operates a retail business, food delivery se ...

and

Softbank is a Japanese multinational Investment company, investment holding company headquartered in Minato, Tokyo, that focuses on investment management. The group primarily invests in companies operating in technology that offer goods and services ...

. ESR is headquartered in

and has additional offices in

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and t ...

Australia Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...

and

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

. Almost all its revenue comes from these regions.

References

External links

* {{DEFAULTSORT:ESR Group 2016 establishments in Hong Kong 2019 initial public offerings Companies listed on the Hong Kong Stock Exchange Real estate companies of Hong Kong Real estate investment trusts of Hong Kong Warburg Pincus companies

History

Business overview

See also

References

External links