Hong Kong-listed ESR, a top real asset manager, has set up a CNY10bn (USD1.3bn) CNY Income Fund, its most sizable so far, collaborating with a premier Chinese insurance firm. The fund features a key logistics portfolio, spanning over 350,000 square metres and valued at CNY2.3bn. These assets are spread across significant Chinese logistics hubs, including the Yangtze River Delta and Greater Bay Area. The deal is slated to finalise in the latter half of the year, pending regulatory approvals. Jeffrey Shen, ESR’s co-CEO, emphasised the move as part of ESR’s asset-light strategy and highlighted the strong bonds forged with domestic investors. Globally renowned, ESR manages assets worth approximately USD150bn, playing a pivotal role in the Asia-Pacific’s real estate sector.
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