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.
Flagship REIT has expanded its senior revolving credit facilities to $500 million, strengthening its capital structure and providing flexibility for future acquisitions and developments in the outpatient healthcare space.
Cape Town fintech TurnStay has raised $1.9m to expand its cross-border payments platform for African travel businesses. Using stablecoin settlement, the service cuts transaction costs by up to 70% and helps operators secure more direct international bookings.
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