By Megan Cheah
Singapore-based ESR Group has secured US$850 million in additional equity capital to grow its logistics real estate and data-center platforms in Asia Pacific.
The new investment is backed by existing shareholders, the Asia-focused warehouse developer said Thursday.
This builds on the net proceeds of more than US$2 billion ESR has received since January last year partly from selling noncore holdings, the company said.
ESR has sharpened its focus on logistics real estate and data centers, and aims to accelerate their development, while continuing to grow its leasing and capital deployment, President Phil Pearce said.
"As global capital continues to shift toward Asia Pacific, investors are increasingly seeking managers with local depth, strategic clarity, and a proven ability to execute in an evolving market environment," he said.
The company, formerly listed in Hong Kong, was taken private last year by a group of investors, including Starwood Capital Group, Warburg Pincus and the company's founders, in a deal that valued ESR at about US$7 billion.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
April 08, 2026 23:11 ET (03:11 GMT)
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