trending Market Intelligence /marketintelligence/en/news-insights/trending/NhV3FgzUJGCRFGbc-_WmMg2 content esgSubNav
In This List

Report: ESR Cayman could raise at least $500M in South Korean REIT IPO

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise


Report: ESR Cayman could raise at least $500M in South Korean REIT IPO

ESR Cayman Ltd. is exploring a South Korean IPO of a real estate investment trust, with a view to raising at least $500 million, Bloomberg News reported, citing people with knowledge of the matter.

The Warburg Pincus LLC-backed logistics real estate developer recently invited banks to pitch for the potential listing, which could take place in 2020 and comprise its existing South Korean assets and other properties, the report added.

ESR Cayman reportedly has six assets in South Korea, including Bucheon Cold Chain Logistics Park, Gachang Logistics Park and Juksan Logistics Park.

The news outlet could not get a comment from Warburg Pincus or ESR Cayman.