ESR draws more funding amid Asian logistics boom

Brookfield is committing $450m towards the deal, which includes industrial and logistics assets in Mumbai, Pune, Delhi NCR, Chennai and Kolkata.

Asia’s third-largest logistics group is the last among its competitors to pursue a public listing of shares. Its $1.24 billion Hong Kong IPO is being launched on the back of soaring demand for high-quality logistics assets.

KKR has bought an Indian logistics firm and sold Korean and Japanese terminal businesses.

ESR Group has around $156bn in total assets under management across Asia Pacific, focused on the new economy sectors of logistics, data centres and alternatives.

The rationale behind all the winners for the best financing, private markets & innovation deals across Apac - including infrastructure, Islamic finance, private credit, private equity, project finance, property, structured finance, sustainable finance, VC and innovation.

The Singapore real asset business, backed by Hillhouse, has bought logistics' assets worth $148m from a ESR Group fund, as it eyes SEA expansion.