ESR launches $240m logistics trust with China Merchants Capital

Warburg Pincus-backed real estate investment platform ESR has partnered China Merchants Capital Investment to set up a new logistics mandate that will target to grow its total assets to A$350 million ($240 million) within the next 12 months, per its press release.

The ESR Australia Logistics Trust (EALT) will be initially seeded with A$175 million ($120 million) through the disposal of ESR’s 11 wholly-owned assets located in Brisbane, Melbourne, Sydney and Perth, the company said in a statement.

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