Warburg-backed ESR, Beijing Properties set up fund to buy realty assets worth $1b

Beijing Tongzhou Park, one of ESR's portfolio properties in China.

ESR Cayman, a Warburg Pincus-backed pan-Asia logistics real estate developer, is joining Hong Kong-listed investment holding firm Beijing Properties in establishing an offshore fund that will acquire Rmb6.42 billion ($1.01 billion) worth of properties.

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