Message from Group Co-founders & Co-CEOs FORWARD TOGETHER 22 next 24 months and development completions between 4 to 5 million sqm3, the Group is well-positioned to benefit from the outsized rental growth across major markets. Pushing new frontiers with New Economy development With the largest development workbook in APAC, our development pipeline comprises a number of landmark projects that are set to create new benchmarks in the market. These best-in-class facilities include the ESR Yokohama Sachiura Logistics Park in Greater Tokyo, a multi-phase development which provides approximately 720,000 sqm logistics space over four phases, set to be the largest logistics park (by value) in Japan and one of the largest ever developed (by value) in APAC upon completion. Other major projects include one of Japan’s tallest distribution centres, the nine-storey ESR Higashi Ogishima Distribution Centre, with a GFA of 365,385 sqm; the collaboration between LOGOS and its partners in developing the US$3 billion Moorebank Logistics Park, Australia’s largest intermodal logistics facility at Moorebank and our partnership with PGIM Real Estate in a build-to-suit redevelopment facility in Singapore for POKKA, which has signed a 10-year lease to commit a minimum of 70% of the building space. Note: 3. New Economy assets only. Excludes listed REITs and Associates. Synergies to drive efficiencies and organisational excellence The transformational integration after the acquisition of ARA has expanded ESR’s size and scale, and we are continuously harnessing areas of synergies across our businesses, overall capabilities, scope and market presence to drive efficiencies. We have tapped into our talent pipeline across ESR and LOGOS to provide leadership support for LOGOS’s China and Indonesia businesses. In addition, we have set up new functions to leverage LOGOS's established expertise in domains such as Insurance and Business Resilience and Health & Safety Functions at Group level. Across the Group, we have centralised capital raising functions to strengthen the strong investor relationships we have across the businesses and enhance the expertise of our inhouse capital raising teams. The Group will continue with our integration efforts to achieve further synergies. To meet the future people pipeline as the Group forges ahead with the growth of e-commerce, accelerated digitalisation and financialisation of real estate, we have established an official Talent Management and Learning team as an independent Centre of Excellence (COE) within the Group HR function to drive group-wide talent management and learning strategies and initiatives. ESR Higashi Ogishima Distribution Centre, Japan
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