ESR, GIC setting up US$500m China logistics JV
Venture will develop institutional-grade logistics facilities in key cities across China
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CHINA'S logistics property sector continues to draw interest from investors, with ESR Cayman (ESR) and GIC entrenching themselves in the space.
ESR, a logistics real estate developer, is establishing a US$500 million joint venture with Singapore sovereign wealth fund GIC to develop institutional-grade logistics facilities in key cities across China.
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