ESR Cayman which announced plans to acquire ARA Asset Management on Aug 4, announced on Aug 16, it has entered into an agreement to launch its latest logistics development platform in China, (ESR China Development Platform (ECDP), with Dutch pension fund asset manager APG Asset Management (APG) and another global institutional investor. ECDP, with an initial equity commitment of US$1 billion, provides the potential investment capacity of up to US$4 billion over time.

ECDP focuses on a continuation of ESR’s strategy to develop and own modern, institutional-grade logistics facilities in major logistics hubs across China with a focus on Tier 1 and Tier 1.5 cities.

See also: Why ESR Cayman is acquiring ARA at multiples of NAV

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