ESR Group Reports 1H FY2024 Results | Robust strategy execution positions ESR for next phase of growth
Key Highlights: * Total Fee-related AUM[1],[2] increased 2.7% year-on-year to US$80 billion * US$2.3 billion of new capital raised in 1H FY2024, up 155% on the same period last year * ESR positioning for next phase of growth through ongoing balance sheet optimisation, streamlining and simpl...
ESR Group Delivers Growth in AUM and Fund Management EBITDA on the Back of Strong Operating Performance
Key Highlights: * Record Fund Management EBITDA1 of US$579 million constituting ~60% of total Group segmental EBITDA; excluding promote fees, Fund Management EBITDA1 grew 8.9% year-on-year ("y-o-y") * Total AUM3,8 and Fee-related AUM2,3 increased by 7.3% to US$156.1 billion and 6.3% y-o-y t...
ESR to divest ARA Private Funds for US$270 million[1] - delivering on substantial non-core divestment pipeline to double down on New Economy leadership
- The transaction represents a key milestone in ESR's stated strategy to streamline and simplify its business with a focus on New Economy real estate such as logistics, data centres and life sciences - The business to be sold primarily consists of finite-life funds owning assets in traditional...
ESR Successfully Launches Korea's First Open-ended Logistics Core Fund
Creation of new flagship logistics core fund amid a challenging market reinforces ESR's best-in-class track record in Korea HONG KONG, Feb. 14, 2024 /PRNewswire/ -- ESR Group Limited ("ESR" or the "Company", together with its subsidiaries, the "Group"; SEHK Stock Code: 1821), APAC's largest rea...
CSRC and SSE receive APAC's largest real asset manager ESR Group's application of its public warehousing logistics REIT
New C-REIT focuses on "best-in-class" logistics facilities Backed by APAC's largest real asset manager, ESR Group's leading New Economy platform has approximatelyUS$69 billion of New Economy AUM and APAC's largest New Economy development workbook ofUS$13 billion Flagship C-REIT for ESR Group th...
ESR Group's funds achieve top regional recognition in 2023 GRESB assessment
Redwood Japan Logistics Fund II LP, RJLF 3 Co-Investment Platform, ESR Kendall Square Development JV II and e-Shang Star Cayman Limited recognised as Regional Sector Leaders, amongst the 22 ESR entities which received5 Star ratings HONG KONG, Oct. 30, 2023 /PRNewswire/ -- ESR Group Limited ("ESR"...
ESR raises additional 3rd-party equity for last phase of 650,000 sqm multi-billion logistics landmark development in Greater Tokyo
* Sale of remaining undeveloped land to ESR-managed development joint-venture RJLF3 signals final stage in the wider development of Higsahi Ogishima scheme which was previously acquired by ESR and ESR-managed capital in 2016 * Previously raised 3rd party capital was invested in first phase of ...
ESR Group delivers strong growth in Fund Management EBITDA propelled by its New Economy focus and asset light strategy
Key Highlights: * Total AUM1,2 increased 9% year-on-year, propelled by New Economy AUM1,2 which delivered13% growth to reach US$69 billion * Fund Management EBITDA grew 14% year-on-year with a higher margin based on higher fee revenue, strong cost discipline and continued economies of scale;...
ESR Group delivers strong growth in Fund Management EBITDA propelled by its New Economy focus and asset light strategy
HONG KONG, Aug. 23, 2023 /PRNewswire/ -- Key Highlights: * Total AUM[1],[2] increased 9% year-on-year, propelled by New Economy AUM [1],[2]which delivered 13% growth to reach US$69 billion * Fund Management EBITDA grew 14% year-on-year with a higher margin based on higher fee revenue, str...
ESR establishes its largest-ever RMB Income Fund in China with a total investment capacity of RMB ¥ 10 billion
* Deepens relationship with a leading onshore investor to pursue investment into income-generating logistics projects * The Fund will be seeded with a prime stabilised portfolio from ESR's balance sheet of¥ 2.3 billion in line with the Group's asset-light strategy HONG KONG, Aug. 22, 2023 /PR...
ESR brings in new strategic investor for 30% stake in prime cold storage logistics facility in Hong Kong
* ESR is developing Hong Kong's largest cold storage facility ever built in the last 20 years * Widens ESR's partnership base and is in line with the Group's asset-light and capital recycling strategy HONG KONG, Aug. 21, 2023 /PRNewswire/ -- ESR Group Limited ("ESR" or the "Company", together...
ESR Starts Development on Largest Logistics Park in Japan
The 750,000 sqm ESR Kawanishi Distribution and Techno Park is poised to be the largest distribution hub inJapan The Park will alleviate the undersupply of large, modern, and environmentally- and worker-friendly logistics facilities, further strengthening Japan's hub in the global supply chain HO...
ESR Debuts in JPY Bond Markets with a JPY30 billion Dual-Tranche Transaction
* ESR's debut issuance of JPY Notes is backed by ESR's JCR credit rating of "AA-" (Stable Outlook) * Strong institutional demand from international City Banks and a Public Fund * Demonstrates the Group's focus on further expanding and diversifying its funding sources while also reducing its ...
ESR Expands into Thailand, Bringing Best-in-Class Expertise in Developing and Managing Logistics and Industrial Real Estate Assets
* ESR's two new logistics and industrial projects, Rojana Industrial Estate Laemchabang and Asia Industrial Estate Suvarnabhumi, represent a capital investment ofTHB 8 billion (US$ 235 million) and are expected to be completed in 2025 and 2026 respectively. * Over the next 5 years, ESR (via i...
ESR Unveils its ESG 2030 Roadmap, Accelerating Positive Impact for a Sustainable Future
The ESG 2030 Roadmap targets include 1,000 MW of rooftop solar power capacity and creation of an ESR Group Foundation programme with an investment capacity of up toUS$20 million HONG KONG, May 3, 2023 /PRNewswire/ -- ESR Group Limited ("ESR" or the "Company", together with its subsidiaries as th...
ESR achieves outstanding financial and operational results with record highs for FY2022[1]
* Total AUM[2],[3] increased 11% year-on-year to hit a new record of US$156 billion, supercharged by New Economy AUM[2],[3] which delivered 23% growth to reachUS$73 billion * Total EBITDA[4] and PATMI[5] rose 10% and 9% year-on-year to US$1.15 billion andUS$655 million, respectively * Stabi...
ESR Receives Investment Grade 'AA-' rating from JCR
HONG KONG, March 3, 2023 /PRNewswire/ -- ESR Group Limited ("ESR" or the "Group"; SEHK Stock Code: 1821), APAC's largest real asset manager powered by the New Economy, has received an investment grade first-time 'AA-' rating with a stable outlook from the Japan Credit Rating Agency, Ltd ("JCR"). ...
ESR takes a strategic stake in Vietnam's leading logistics and industrial player BW Industrial
* BW Industrial selects ESR as the lead strategic investor as a part of a primary fundraising round of up to approximatelyUS$450 million that also includes other leading investors inAsia * ESR has previously partnered with BW Industrial in a successful joint venture inVietnam, one of the most...
ESR's ARA announces milestone partnership with the Export-Import Bank of China for US$1 billion infrastructure fund
* China ASEAN Investment Cooperation Fund II is the largest ASEAN-focused private infrastructure fund and this represents ESR Group's first infrastructure fund * Fund will invest in infrastructure, energy resources including renewables, and information and communications ("ICT") sub-sectors, ...
ESR's ARA announces milestone partnership with the Export-Import Bank of China for US$1 billion infrastructure fund
* China ASEAN Investment Cooperation Fund II is the largest ASEAN-focused private infrastructure fund and this represents ESR Group's first infrastructure fund * Fund will invest in infrastructure, energy resources including renewables, and information and communications ("ICT") sub-sectors, ...
