ESR's expansion plans extend beyond Singapore's shores

Singapore

PAN-ASIAN group e-Shang Redwood (ESR) has ambitious plans to grow in Asia, evident from its trail of recent acquisitions.

Put together, these events coalesce to form an emerging picture of the logistics group's expansion appetite, and quickness to regain momentum after every snag in the plan.

If ESR continues to use ESR-Reit as its launchpad for growth in this region, this could mean tremendous growth potential for the real estate investment trust (Reit), and gains for the patient unitholder.

Last Friday, ESR-Reit announced its proposed merger …