Starwood Capital acquires 10.7% stake in ESR Group, Asia-Pacific's largest real asset manager.

Starwood Capital Group, a global real estate investor, has announced a deal to acquire a 10.7% equity stake in ESR Group, Asia-Pacific's largest real asset manager with approximately $156bn in total assets under management. Starwood Capital sees ESR as a leading real estate platform in Asia-Pacific, particularly in logistics and data centers. The deal aims to strengthen and expand Starwood Capital's relationship with ESR Group.