JUNE • Construction commenced on 195,373 sqm ESR Yokohama Sachiura Distribution Centre 2, the second phase of the masterplanned ESR Yokohama Sachiura Logistics Park which is set to be the largest logistics park in Japan when fully completed. • ESR Australia completed the acquisition of A$3.8 billion Milestone Portfolio and its associated operating business from Blackstone, in partnership with GIC. • ESR Australia commenced redevelopment of Acacia Ridge Business Park in Brisbane, Australia. • ESR issued a further S$150 million NC5 fixed rate perpetual resettable step-up subordinated securities at a distribution rate of 5.65% JULY • ESR Japan Logistics Fund III (“RJLF3”) was upsized to JPY150 billion to fund development of large-scale logistics facilities in the major metropolitan areas of Japan. • In India, ESR signed a MOU with the Government of Tamil Nadu Government to set up two industrial parks for INR 550 crores. • ESR announced its plan to develop a 36.5-acre Grade A industrial and logistics park in North Gujarat, India. • ESR Clayton Business Hub is fully pre-committed ahead of its expected completion in mid-2022 with a 10-year lease signed with a global toy retailer. • ESR Australia Logistics Partnership II (“EALP II”), an extension of ESR’s core plus logistics strategy in Australia, received an initial A$600 million commitment. • M&G committed A$200 million to ESR Australia Development Partnership (“EADP”). 34 Davis Street, Wetherill Park, New South Wales, Australia NOVEMBER • ESR’s proposed acquisition of ARA was approved by shareholders with over 90% approval at its EGM. • ESR secured its first Sustainability-Linked Loan of US$700 million, which was subsequently upsized to US$1 billion at Libor +2.25% and Libor +2.75% for 3-year and 5-year tranches, respectively. OCTOBER • ESR announced proposed merger of ESRREIT with ARA LOGOS Logistics Trust to form a future-ready New Economy APAC S-REIT named ESR-LOGOS REIT. • ESR launched its new ESR Japan Income Fund ("JIF") with US$750 million of equity commitments. AUGUST • ESR announced its proposed acquisition of ARA Asset Management (ARA) (including LOGOS) for US$5.2 billion. • In China, ESR established ESR China Development Platform (“ECDP”) with an initial equity commitment of US$1 billion with APG Asset Management (“APG”) and another global institutional investor. • In Japan, ESR and M&G acquired a significant stake in ESR Yatomi Distribution Centre from RJLF II. • ESR entered into a US$400 million senior unsecured corporate term loan facility at Libor +2.75% and Libor +3.25% for 3-year and 5-year tranches, respectively. • Canada Pension Plan Investment Board (“CPP Investments”) and ESR upsized their investments in the Korea Income Joint Venture to US$1 billion. • ESR received its inaugural MSCI ESG Rating of ‘A’ in recognition of its ESG practices. ESR Oragadam Industrial & Logistics Park, India E S R C A Y M A N L I M I T E D A N N U A L R E P O R T 2 0 2 1 13
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