ESR Group acquires remaining interest in LOGOS to accelerate full integration

The agreements accelerate the acquisition from the original January 2025 target, bringing forward the benefits of a fully integrated platform for ESR and its key stakeholders.

Supporting ESR’s growth strategy, the combination of ESR and LOGOS creates a highly scaled platform unified under the ESR brand, with total assets under management of $156 billion.

The full integration of the businesses cements ESR’s new economy leadership position in Asia-Pacific, with a combined $71 billion of new economy assets under management, a $14 billion development workbook (the largest in Asia-Pacific), growing data centre and infrastructure platforms, and market leading positions in all major Asia-Pacific markets.

Integration with LOGOS will also position ESR as a market leader in all key Southeast Asian markets and will bolster ESR’s already market-leading position in South Korea. Importantly, the complementary ESR and LOGOS data centre businesses will come together to benefit from the boom in AI as the demand moves from the US to Asia, and will be a key growth driver for ESR moving forward.

Stuart Gibson and Jeffrey Shen, ESR group co-founders and co-CEOs, wrote, “As a united company, we will unleash the full potential of our combined fund management and development platform spanning various sectors and geographies. Coupled with our growth engines in logistics, data centres, infrastructure, and life sciences, our integrated platform further enables us to deliver exciting opportunities for our people, partners, investors, customers, and the communities where we operate.”

Philip Pearce, ESR group deputy CEO, added, “We are delighted to complete this significant step in consolidating our operations and strengthening our strategic position in the real asset sector. With a shared commitment to delivering space and investment solutions for a sustainable future to investors and customers, we are bringing forward this acquisition to create a unified platform that enhances our collective strengths, fosters innovation, and drives sustainable growth.”

As part of the integration with LOGOS, ESR announced that John Marsh, co-founder and co-CEO of LOGOS, will take on a leadership role within the croup as chair of the combined infrastructure business, as well as chair of the combined Australia and New Zealand platform. He will also become a member of the ESR Group Investment Committee.

Marsh commented, “I look forward to contributing to ESR’s continued success by driving the Infrastructure platform – a key emerging growth engine for the business – as well as lending my support to the management team as chair of the Australia and New Zealand business. In growing the infrastructure platform, I will look to build on the significant achievements already made by the team, including the over $1 billion of equity raised and the multiple in-country renewable energy joint ventures established.”

Trent Iliffe, co-founder and co-CEO of LOGOS, will remain with the group on a consulting basis for a period of six months following the completion of the acquisition to oversee a smooth transition process.

ESR scoops up strategic equity stake in BW Industrial ESR Group Ltd. (ESR), through its wholly-owned subsidiary, has acquired a strategic equity stake in BW Industrial Development JSC (BW).

BW and ESR break ground on two joint venture projects in Bac Ninh BW Industrial Development JSC (BW), Vietnam’s leading logistics and industrial real estate developer, and ESR Group Limited (ESR; SEHK Stock Code: 1821), Asia-Pacific’s leading real asset manager powered by the New Economy, have announced the commencement of construction of two double-storey projects with a total gross floor area (GFA) of 270,000 sqm in Bac Ninh.

BW and ESR convert 40,000sq.m ready-built warehouse into COVID-19 treatment centre BW Industrial Development JSC (BW) and ESR Cayman Ltd. (ESR; SEHK: 1821) recently accelerated the completion of a 40,000-square-metre facility in My Phuoc 4 Industrial Park which will serve as a makeshift treatment centre in response to the evolving COVID-19 pandemic.