ESR, the specialist Pan-Asian industrial property developer, has sealed its fourth private fundraising in 18 months amid continuing strong demand in the region for modern logistics assets.
Although the size of the investment was not disclosed, the company commonly known as e-Shang Redwood said on Monday that it had raised new capital from the Citic Securities One-Belt-One-Road Fund, a private equity fund run by CLSA.
That follows news last month that ESR had secured $306 million from JD.com as part of its strategic partnership with the Chinese e-commerce retailer.
South Korean conglomerate SK Holdings invested W374...
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