ESR places rabbitâs foot in Vietnam through logistics real estate joint venture with BW 11:30 | 17/05/2021
ESR Cayman Ltd., the largest logistics real estate platform focused on Asia-Pacific, has set up a joint venture with a leading logistics and industrial real estate operator BW Industrial Development JSC to develop and own My Phuoc 4 Industrial Park in Binh Duong province.
My Phuoc 4 Industrial Park will cover around 240,000 square metres in Binh Duong province
ESR will work with BW on the leasing of the park, leveraging its strong roster of customers.
My Phuoc 4 Industrial Park, which will boast approximately 240,000 square metres of logistics and light industrial facilities upon completion, is located north of Ho Chi Minh City in the strategic Binh Duong market, a leading hub of industrial development in the south.
ESR and BW form joint venture for My Phuoc 4 IP in Vietnam 07:32 | 10/05/2021
ESR Cayman Limited (ESR), the largest Asia-Pacific-focused logistics real estate platform, and BW Industrial Development JSC (BW), the leading logistics and industrial real estate developer and operator in Vietnam, have entered into a development joint venture to develop and own My Phuoc 4 Industrial Park near Ho Chi Minh City.
My Phuoc 4 IP will have approximately 240,000sq.m of logistics and light industrial facilities
The partnership marks ESRâs entry into Vietnam, expanding the groupâs Asia-Pacific footprint in the high-growth Southeast Asia region.
My Phuoc 4 Industrial Park (the Park ), which will have a total of approximately 240,000 square metres of logistics and light industrial facilities upon completion, is located north of Ho Chi Minh City in the strategic Binh Duong market, a leading hub of industrial development in Southern Vietnam.
ESR enters Vietnam through logistics real estate JV with Warburg Pincus-backed BW
May 10, 2021
Logistics real estate manager ESR Cayman Limited has formed a joint venture with Vietnam-based realty developer BW Industrial Development to develop and own a modern industrial park near Ho Chi Minh City, according to a statement.
The partnership marks ESR’s entry into the Vietnamese market, expanding its Southeast Asian footprint after establishing itself in Singapore.
The asset, My Phuoc 4 Industrial Park, will have around 240,000 square metres of logistics and light industrial facilities upon completion. The Park is located in Binh Duong, Vietnam’s southern hub for industrial clusters.
ESR Cayman Buys HK Property for Data Center
Posted on 05/07/2021
Hong Kong-based ESR Cayman purchased a property located in Kwai Chung, one of the major data center clusters in Hong Kong. ESR Cayman seeks to convert the property into a 40 MW data center. The building hopes to have a value of around US$ 675 million on completion.
“This is a major strategic move for ESR as it represents our first acquisition in Hong Kong and further establishes our data center franchise,” said Jeffrey Shen and Stuart Gibson, ESR co-founders and co-CEOs in a press release. “Hong Kong is an important data center market in the APAC region, with its low electricity costs, limited climate risks and established network capability. It is also one of the world’s top financial centers as well as the home to ESR’s headquarters. Entering the Hong Kong market is a key expansion strategy as we continue to build our integrated digital and logistics supply chain infrastructure platform to help fuel the n
By Florence Chong2021-05-07T11:57:00+01:00
ESR has entered Hong Kong’s data centre market with the acquisition of a facility in Kwai Chung to redevelop into a US$675m (€562m) asset.
Jeffrey Shen and Stuart Gibson, ESR co-founders and co- CEOs, said Hong Kong was an important data centre market in the APAC region, with its low electricity costs, limited climate risks and established network capability.
“Entering the Hong Kong market is a key expansion strategy as we continue to build our integrated digital and logistics supply chain infrastructure platform to help fuel the new economy in APAC,” they said.