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• Korea’s to start with logistics REIT raised about US$650 million as a result of pre-IPO investments and worldwide providing
• Too much to handle reaction from equally worldwide and domestic investors demonstrates potent marketplace appetite for public REITs with primary quality logistics assets and stable returns
• Additional cements ESR Kendall Square as the dominant logistics authentic estate system in Korea with more than US$7.2 billion of AUM
• ESR even more scales its built-in platform of general public and personal cars to accelerate long-term growth

SEOUL/HONG KONG – Media OutReach – 23 December 2020 – ESR Cayman Limited (“ESR” or the “Company”, jointly with its subsidiaries as the “Group” SEHK Stock Code: 1821), the greatest APAC concentrated logistics serious estate system, today announced the successful listing of ESR Kendall Sq. REIT Co., Ltd. (“ESR Kendall Sq. REIT” KRX Inventory Code: 365550) on the KRX KOSPI Current market of the Korea Exchange, marking the initially publicly detailed institutional high-quality logistics asset targeted true estate expense believe in (“REIT”) in Korea. With the completion of the worldwide providing, ESR Kendall Sq. REIT has a portfolio with complete asset price of about US$1.3 billion and a market place capitalisation of about US$650 million.

ESR Kendall Square REIT is sponsored by ESR Kendall Sq., a subsidiary of ESR, with prime logistics facilities in Korea as its underlying property. The preliminary portfolio is made up of 11 modern, institutional-grade logistics amenities predominantly located in the Greater Seoul Metropolitan Region, with a overall GFA of 684,095 sqm. Ten of these had been just lately obtained, by a blend of direct asset purchases and via the buy of around 99% fairness fascination in four real estate funds that individual particular of the properties, from resources managed by ESR Kendall Sq.. The acquisition of the 11^th assets, the Anseong Logistics Park, is anticipated to be concluded by June 2021.

Thomas Nam, CEO of ESR Kendall Square, stated, “This is a incredibly exciting time and significant milestone for ESR Kendall Square. The effective listing of ESR Kendall Sq. REIT is a testomony to the strong portfolios of top quality belongings, traders and tenants that our workforce has developed by means of the a long time. With the strong growth of e-commerce driven by a confluence of things such as the pandemic, community investors have proven a escalating hunger for quality core property that can crank out secure, long-term returns. Backed by our team’s unrivalled functionality and track document in acquiring and managing institutional-grade qualities, we are very well positioned to capitalise on the ongoing development of e-commerce in get to produce sound returns and value to our traders and stakeholders.”

Leveraging its relationship with the Group, ESR Kendall Sq. REIT is predicted to have opportunities to obtain supplemental qualities managed by ESR Kendall Square and its affiliate marketers. It programs to continuously raise the value of its investments by attaining assets in key spots, taking into account the locations, tenants and predicted returns.

Jeffrey Shen and Stuart Gibson, Co-founders and Co-CEOs of ESR, stated, “We are incredibly happy of what ESR has attained in the Korean marketplace. As one particular of the world’s major e-commerce markets, Korea has constantly delivered ESR a solid general performance and set great specifications for the industry less than the management of Thomas Nam and Jihun Kang. Thanks to the prolonged-expression help of our capital associates and customers, as properly as determination of our crew, ESR has designed a demonstrated keep track of report of robust development throughout our general public and personal autos. We seem forward to carrying this momentum into 2021 as we continue to strengthen our industry existence and management place in Korea and the APAC location.”

ESR has crafted a robust portfolio of very best-in-class logistics attributes throughout Korea, and now qualified prospects the market place on various fronts with its remarkable capability and keep track of file in advancement as nicely as resources and asset administration. It is the primary owner of logistics stock^[1] in the nation with the premier progress pipeline in the Seoul Metropolitan Location. As of 30 September 2020, the overall AUM and GFA of ESR’s Korea small business experienced achieved roughly US$7.2 billion and somewhere around 3.3 million sqm, respectively.

Citigroup Worldwide Marketplaces Korea Securities Constrained, Morgan Stanley & Co. Global Plc, Seoul Branch and Korea Investment decision & Securities Co., Ltd. are the joint world-wide coordinators and underwriters. Other co-managers and underwriters using part in this worldwide offering incorporate NH Expense & Securities Co., Ltd., KB Securities Co., Ltd. and Samsung Securities Co., Ltd.