trending Market Intelligence /marketintelligence/en/news-insights/trending/0ir13x327Up6VbuXNvqHGQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

ESR Cayman files for Hong Kong IPO; ESR-Propertylink deal closes

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


ESR Cayman files for Hong Kong IPO; ESR-Propertylink deal closes

ESR Cayman Ltd. confirmed that it has filed the papers for its proposed IPO on the Hong Kong stock exchange.

The Asia Pacific-focused logistics real estate developer filed the application proof for the float March 1. Details of the IPO — such as the number of shares to be offered, target amount to be raised and expected timeline for the offering — have not been disclosed, but ESR Cayman said the proceeds from the IPO would be used to repay debt and redeem preference shares, develop properties and for pursuing M&A or strategic investments.

Earlier, ESR Cayman was reportedly targeting up to US$1.5 billion from the IPO.

As of Sept. 30, 2018, the developer's completed properties were valued at about US$5.68 billion; properties under construction at US$3.43 billion; its 18 private third-party pooled investment vehicles at more than US$4.80 billion; and assets under management were at least US$14.0 billion.

With about 11 million square meters of properties in various stages, ESR Cayman is the largest Asia Pacific-focused logistics property platform on a gross floor area basis. The company is focused on tier 1 and tier 1.5 cities in China, Japan, South Korea, Singapore, Australia and India.

Post IPO, ESR said it plans to further expand its presence in the region, enter new high-growth markets and expand its funds management platform.

CLSA and Deutsche Bank are the joint sponsors for the IPO.

Meanwhile, ESR Real Estate (Australia) Pty Ltd.'s A$723.3 million takeover of Propertylink closed March 8, with the ESR Cayman unit registering a voting power of 98.00% in the industrial real estate investment trust. The offer for Propertylink was first announced in September 2018.