ESR brings in partners for latest Japan logistics projects fund

Pan-Asian logistics group ESR has had a first close for the ESR Japan Logistics Fund 3 (RJLF3) with an initial capacity to capitalise up to JPY200bn (€1.63bn) of Japanese real estate projects.

The Warburg Pincus-backed manager has brought in two unnamed partners to its latest Japan fund. The two investors had made a combined initial equity investment of JPY70bn.

The capital would be invested in large-scale, state of the art logistics facilities in key Japanese cities of Tokyo, Osaka and Nagoya.

ESR said the partners had a commitment expansion option that, over time, would bring the total investment capacity to up to JPY530bn.

The latest closing of ESR Japan Logistics Fund 3, comes a year after ESR had the final close of its Redwood Japan Logistics fund 2 which raised US$1.2bn, from its investment partners, including Allianz Real Estate.

 

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  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

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