---
title: "ESR and two Chinese insurance groups establish a real estate income fund with a total investment scale of nearly 300 million yuan | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283487677.md"
description: "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"
datetime: "2026-04-21T11:12:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283487677.md)
  - [en](https://longbridge.com/en/news/283487677.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283487677.md)
---

# ESR and two Chinese insurance groups establish a real estate income fund with a total investment scale of nearly 300 million yuan | Lianhe Zaobao

Real estate management company ESR Group, in collaboration with two major insurance groups in China, has established a yield fund with a total investment scale of 1.6 billion RMB (nearly 300 million SGD) to invest in logistics and industrial real estate.

ESR Group announced on Tuesday (April 21) that the seed properties for this fund are two multi-story logistics and industrial real estate projects built and managed by ESR, located in Shanghai and Suzhou.

The total floor area of these two properties reaches 320,000 square meters (3.44 million square feet), with tenants from sectors such as automotive manufacturing, e-commerce, renewable energy, and semiconductors.

#### Further Reading

Keppel REIT's distributable operating income increased by 19.7% in the first quarter Hengxin Comprehensive Real Estate Trust's portfolio occupancy rate significantly increased to 91.4%

ESR will retain a minority stake in these properties, as well as the functions of fund management and property management, to ensure continuity and professionalism in leasing strategies, operational management, and asset appreciation.

ESR co-founder and co-CEO Shen Jinchu said, "We have observed that long-term institutional capital highly recognizes the resilience and strategic value of modern industrial logistics real estate in China. This transaction demonstrates our ability to engage in large-scale cooperation with Chinese institutions to seize growth opportunities and reflects our long-term confidence in high-quality real estate in China."

ESR Group is the sponsor of ESR Real Estate Investment Trust (ESR-REIT)

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