ESR and two Chinese insurance groups establish a real estate income fund with a total investment scale of nearly 300 million yuan | Lianhe Zaobao
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ESR Group, in collaboration with two large insurance groups in China, has established a yield fund with a total investment scale of 1.6 billion RMB (nearly 300 million SGD), focusing on logistics and industrial real estate. The fund's seed projects include two multi-story logistics and industrial real estate properties located in Shanghai and Suzhou, with a total floor area of 320,000 square meters. ESR will retain a minority stake and be responsible for fund and real estate management to ensure operational professionalism. The co-founder of ESR stated that this transaction reflects long-term confidence in high-quality real estate in China
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