ESR Group Limited Annual Report 2022 27 DECEMBER AUGUST NOVEMBER OCTOBER SEPTEMBER • ESR acquired its first life sciences business park in Shanghai Zhangjiang Hi Tech Development Zone for RMB268 million with its JV partner. • ESR together with M&G Real Estate announced a long-term partnership on behalf of M&G Asia Property Fund, to deploy up to US$350 million for the development of a portfolio of logistics properties across Tokyo, Osaka and Nagoya. • ESR Group closed a five-year SLL of approximately HK$4.65 billion at Hibor +1.8% which was further upsized to HK$8.88 billion subsequent to year-end. • In South Korea, STACK Infrastructure and ESR announced a JV to develop and deliver a 48MW facility in Incheon. • Partnership with GIC on the ESR Australia Logistics Partnership III (EALP III) to expand ESR’s core plus logistics strategy with equity commitments of A$600 million. • Kendall Square Asset Management signed a MOU with SK Plug Hyverse and Coupang Fulfilment Services to develop and operate South Korea’s first hydrogen powered fulfilment centre. • ESR Australia closed a partnership with GIC on the A$1 billion ESR Australia Development Partnership II (EADP II), for a combined anchor close of A$540 million. • ESR China announced the completion of its first rooftop solar project in ESR Guangdong Jieyang Logistics Park by E-Power Technology Co., Ltd, ESR China’s renewables subsidiary. • First collaboration between ESR and LOGOS in the Pan Asia Core+ discretionary fund with US$250 million of initial equity commitments, investing in prime logistics assets in the APAC region. • ESR and GIC established a US$600 million JV to invest in core industrial and logistics assets in India. • The Group’s first US$1 billion infrastructure and renewables fund in ASEAN, in partnership with Export– Import Bank of China • In Japan, STACK Infrastructure and ESR announced another partnership to jointly develop and deliver 72MW of data centre capacity in Osaka’s eastern suburb of Keihanna. • ESR China completed the construction of Wenzhou Ruian Logistics Park and Langfang Chunhui Business Park. ESR Bringelly Road Business Hub, New South Wales, Australia STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENT
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