Sime Darby Property and ESR have expanded the E-Metro Logistics Park in Selangor, Malaysia, by adding over 2,200,000 square feet of warehouse space. The expansion includes the finished Metrohub 4 facility and the groundbreaking of Metrohub 3. Global beverage brand MIXUE has pre-committed to Metrohub 4, while Metrohub 3 will offer specialised storage for electric vehicle components and lithium batteries.
Logistics real estate specialist ESR has expanded its partnership with Mitsubishi Estate Asia through a new joint venture in Western Sydney. The deal will fund a premium 700 million Australian dollar industrial estate spanning 18.3 hectares in Huntingwood. Construction is slated to begin later this year, delivering up to 114,005 square metres of modern warehousing space to address exceptionally low vacancy rates in the region.
ESR has partnered with two Chinese insurance giants to establish a RMB 1.6 billion income fund focused on prime logistics assets. The deal involves the recapitalisation of two multi-storey industrial properties in Shanghai and Suzhou, totalling 320,000 square metres. By retaining management of the portfolio, ESR continues its capital recycling strategy while meeting the high demand from domestic institutional investors for modern supply chain infrastructure.
ESR has successfully raised US$850 million in fresh equity capital from its existing shareholders. This major financial boost is intended to speed up the firm’s expansion within the logistics and data centre sectors across the Asia-Pacific region. The move follows a period of significant portfolio simplification, where the company raised over US$2 billion by selling non-core assets to focus on high-growth digital and supply chain infrastructure.
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