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• Korea’s 1st logistics REIT lifted close to US$650 million through pre-IPO investments and world-wide presenting
• Overpowering response from equally intercontinental and domestic buyers demonstrates solid market hunger for community REITs with primary excellent logistics property and secure returns
• Even further cements ESR Kendall Square as the dominant logistics actual estate system in Korea with around US$7.2 billion of AUM
• ESR further scales its built-in platform of public and non-public autos to speed up long-term progress

SEOUL/HONG KONG – Media OutReach – 23 December 2020 – ESR Cayman Minimal (“ESR” or the “Company”, jointly with its subsidiaries as the “Group” SEHK Inventory Code: 1821), the premier APAC concentrated logistics true estate platform, today introduced the thriving listing of ESR Kendall Square REIT Co., Ltd. (“ESR Kendall Square REIT” KRX Inventory Code: 365550) on the KRX KOSPI Current market of the Korea Trade, marking the initially publicly detailed institutional excellent logistics asset centered serious estate investment decision have faith in (“REIT”) in Korea. With the completion of the world-wide presenting, ESR Kendall Square REIT has a portfolio with total asset benefit of close to US$1.3 billion and a sector capitalisation of close to US$650 million.

ESR Kendall Sq. REIT is sponsored by ESR Kendall Square, a subsidiary of ESR, with key logistics facilities in Korea as its underlying belongings. The initial portfolio is composed of 11 modern, institutional-grade logistics services mainly positioned in the Better Seoul Metropolitan Location, with a complete GFA of 684,095 sqm. Ten of these were being recently acquired, by way of a mixture of direct asset buys and through the purchase of about 99% equity curiosity in four serious estate resources that very own sure of the properties, from funds managed by ESR Kendall Square. The acquisition of the 11^th residence, the Anseong Logistics Park, is expected to be done by June 2021.

Thomas Nam, CEO of ESR Kendall Sq., stated, “This is a incredibly thrilling time and significant milestone for ESR Kendall Square. The profitable listing of ESR Kendall Square REIT is a testomony to the solid portfolios of quality property, buyers and tenants that our team has crafted as a result of the many years. With the robust advancement of e-commerce driven by a confluence of factors like the pandemic, public investors have demonstrated a developing urge for food for quality core belongings that can crank out steady, extensive-time period returns. Backed by our team’s unrivalled functionality and keep track of report in acquiring and taking care of institutional-grade qualities, we are well positioned to capitalise on the ongoing advancement of e-commerce in purchase to supply stable returns and value to our buyers and stakeholders.”

Leveraging its marriage with the Group, ESR Kendall Sq. REIT is expected to have opportunities to acquire extra houses managed by ESR Kendall Square and its affiliate marketers. It programs to continually increase the worth of its investments by acquiring property in crucial regions, getting into account the areas, tenants and anticipated returns.

Jeffrey Shen and Stuart Gibson, Co-founders and Co-CEOs of ESR, explained, “We are quite proud of what ESR has accomplished in the Korean marketplace. As just one of the world’s largest e-commerce markets, Korea has consistently shipped ESR a robust overall performance and set wonderful requirements for the sector less than the leadership of Thomas Nam and Jihun Kang. Many thanks to the prolonged-phrase support of our capital partners and buyers, as nicely as perseverance of our group, ESR has built a established observe report of strong progress across our public and non-public motor vehicles. We glimpse ahead to carrying this momentum into 2021 as we go on to strengthen our industry presence and leadership posture in Korea and the APAC region.”

ESR has designed a sturdy portfolio of best-in-course logistics qualities across Korea, and now qualified prospects the marketplace on multiple fronts with its fantastic functionality and observe document in development as well as money and asset management. It is the foremost proprietor of logistics inventory^[1] in the country with the major advancement pipeline in the Seoul Metropolitan Space. As of 30 September 2020, the overall AUM and GFA of ESR’s Korea company experienced arrived at around US$7.2 billion and about 3.3 million sqm, respectively.

Citigroup World Markets Korea Securities Confined, Morgan Stanley & Co. Intercontinental Plc, Seoul Branch and Korea Financial commitment & Securities Co., Ltd. are the joint world-wide coordinators and underwriters. Other co-administrators and underwriters getting element in this world-wide giving include things like NH Investment & Securities Co., Ltd., KB Securities Co., Ltd. and Samsung Securities Co., Ltd.