Business description

Contact person: Jianmin Yang

Phone: 86-021-2409 9566

Email: esrgroup@esr.

c om

Website: http: //www.

esr.

com/

ESR is a leading pan-Asia logistics real estate developer, owner and operator focused on the key metropolitan areas most closely tied with consumption and global trade.

Co-founded by Warburg Pincus and backed by some of the world's preeminent investors including APG, CPPIB, Goldman Sachs, PGGM, Ping An and SK Holdings, the ESR platform represents one of the largest in the Asia-Pacific region managing over nine million square metres gross floor area of projects owned and under development across China, Japan, Singapore，South Korea and India, with capital and funds management offices in Hong Kong and Singapore.

ESR is one of the largest third-party landlords for some of the worlds top e-commerce companies, bricks-and-mortar retailers, 3PLs and cold-chain logistics providers.

The rapid growth in e-commerce, greater supply chain efficiencies and consolidation by third party logistics providers are a major driver of our growing development activity.

ESR, headquartered in Hong Kong, was formed through the merger of e-Shang and Redwood in January 2016 - After the combination of these two platforms, the group has progressed at an accelerated rate with further enhanced investor composition and expansion in multiple markets.

e-Shang was co-founded by Warburg Pincus and two entrepreneurs, Sun Dongping and Jeffrey Shen in 2011, and pre-merger had grown to be one of the largest developers and operators of modern logistics facilities in China.

In 2014, e-Shang entered into the Korean market through its investment in the Kendall Square platform and later secured substantial capital commitments from the top tier global investors to support its outsized growth in the market.

The Redwood Group was founded by Stuart Gibson and Charles de Portes in 2006 and was backed by Sam Zells Equity International from 2013 - Pre-merger it was a leading developer, investor in Japan and China with Singapore capital and funds management and a primary focus on the identification and execution of logistics, warehousing and transportation real estate solutions for some of the largest end users.

In early 2017, ESR acquired an 80% stake in the REIT manager of Singapore listed Cambridge Industrial Trust (SGX: J91U) and became its 2nd largest unitholder, which represents ESRs continued expansion across key gateway markets in Asia.