GIC commits $278m to ESR’s new $695m Australia logistics fund

GIC commits $278m to ESR’s new $695m Australia logistics fund

Sydney, Australia. Photo by Liam Pozz on Unsplash

ESR Cayman Ltd, a Warburg Pincus-backed global logistics real estate platform, has launched a new Australian develop-to-hold logistics fund, which has a target fund size of A$1 billion ($695 million), with Singapore sovereign wealth fund GIC committing A$400 million ($278 million) as a cornerstone investor.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter