Etrion Corporation redeems EUR 40 million of exceptional Company Bonds

• Korea’s 1st logistics REIT elevated roughly US$650 million through pre-IPO investments and international presenting
• Overwhelming reaction from the two intercontinental and domestic buyers demonstrates strong industry urge for food for community REITs with prime excellent logistics assets and steady returns
• Additional cements ESR Kendall Square as the dominant logistics genuine estate system in Korea with in excess of US$7.2 billion of AUM
• ESR even further scales its integrated platform of community and personal autos to speed up prolonged-time period progress

SEOUL/HONG KONG – Media OutReach – 23 December 2020 – ESR Cayman Minimal (“ESR” or the “Company”, with each other with its subsidiaries as the “Group” SEHK Inventory Code: 1821), the biggest APAC targeted logistics true estate system, nowadays announced the successful listing of ESR Kendall Sq. REIT Co., Ltd. (“ESR Kendall Sq. REIT” KRX Stock Code: 365550) on the KRX KOSPI Current market of the Korea Exchange, marking the 1st publicly mentioned institutional excellent logistics asset concentrated serious estate expense have confidence in (“REIT”) in Korea. With the completion of the world wide offering, ESR Kendall Square REIT has a portfolio with complete asset value of around US$1.3 billion and a market place capitalisation of close to US$650 million.

ESR Kendall Sq. REIT is sponsored by ESR Kendall Sq., a subsidiary of ESR, with primary logistics amenities in Korea as its underlying assets. The original portfolio consists of 11 modern day, institutional-grade logistics amenities mainly situated in the Better Seoul Metropolitan Location, with a overall GFA of 684,095 sqm. 10 of these have been recently obtained, by means of a mix of direct asset buys and by way of the obtain of approximately 99% equity fascination in 4 true estate funds that very own sure of the houses, from resources managed by ESR Kendall Square. The acquisition of the 11^th assets, the Anseong Logistics Park, is expected to be finished by June 2021.

Thomas Nam, CEO of ESR Kendall Sq., said, “This is a incredibly enjoyable time and significant milestone for ESR Kendall Square. The thriving listing of ESR Kendall Square REIT is a testomony to the robust portfolios of high-quality property, investors and tenants that our workforce has constructed via the years. With the robust progress of e-commerce driven by a confluence of components together with the pandemic, public traders have proven a rising urge for food for high-quality main belongings that can produce stable, prolonged-time period returns. Backed by our team’s unrivalled capacity and observe report in developing and taking care of institutional-quality houses, we are very well positioned to capitalise on the continued expansion of e-commerce in order to deliver solid returns and value to our buyers and stakeholders.”

Leveraging its romantic relationship with the Group, ESR Kendall Sq. REIT is envisioned to have options to receive more attributes managed by ESR Kendall Sq. and its affiliates. It plans to constantly boost the benefit of its investments by acquiring belongings in critical areas, taking into account the spots, tenants and predicted returns.

Jeffrey Shen and Stuart Gibson, Co-founders and Co-CEOs of ESR, said, “We are really happy of what ESR has attained in the Korean market. As 1 of the world’s biggest e-commerce markets, Korea has constantly shipped ESR a sturdy functionality and set excellent requirements for the sector below the leadership of Thomas Nam and Jihun Kang. Many thanks to the lengthy-phrase help of our capital companions and shoppers, as perfectly as commitment of our team, ESR has created a established track report of sturdy expansion throughout our public and non-public vehicles. We look ahead to carrying this momentum into 2021 as we keep on to improve our sector existence and management place in Korea and the APAC area.”

ESR has created a solid portfolio of finest-in-class logistics attributes throughout Korea, and now leads the sector on a number of fronts with its remarkable ability and keep track of document in development as perfectly as cash and asset administration. It is the major proprietor of logistics stock^[1] in the nation with the premier enhancement pipeline in the Seoul Metropolitan Place. As of 30 September 2020, the overall AUM and GFA of ESR’s Korea company experienced arrived at around US$7.2 billion and close to 3.3 million sqm, respectively.

Citigroup International Marketplaces Korea Securities Confined, Morgan Stanley & Co. Worldwide Plc, Seoul Department and Korea Financial investment & Securities Co., Ltd. are the joint worldwide coordinators and underwriters. Other co-professionals and underwriters taking element in this world wide providing include NH Expenditure & Securities Co., Ltd., KB Securities Co., Ltd. and Samsung Securities Co., Ltd.