ESR, AXA IM Real Assets and SWF major set up core JV for logistics play in Japan

Pan-Asia logistics real estate developer, owner and operator ESR announced that it has formed a new core joint venture with global real estate investor AXA Investment Managers – Real Assets and a major sovereign wealth fund to acquire “core stabilised logistics assets” in Japan.

The core JV has acquired six newly-completed prime assets for about $1 billion, according to an official statement.

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