Hong Kong-based ESR Cayman Ltd has listed South Korea’s first logistics real estate investment trust (REIT), which holds a US$1.3 billion portfolio of institutional grade logistics facilities located mainly in the Greater Seoul metropolitan area.
The ESR Kendall Square REIT is sponsored by ESR Kendall Square, a subsidiary of ESR, an asset manager that specialises in investing in logistics real estate.
The listing is a testament to the strong portfolio of quality assets, investors and tenants that our team has built through the years , according to Thomas Nam, chief executive officer of ESR Kendall Square. With the robust growth of e-commerce driven by a confluence of factors including the pandemic, public investors have shown a growing appetite for quality core assets that can generate stable, long-term returns, he says in a statement on December 23, when the REIT was listed on the Korea Exchange.
GIC Pte Partners With ESR Cayman For $750 Million JV For Investment In Industrial, Logistics Realty In India
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