China's securities regulator approves ESR Group's logistics real estate IPO, raising approximately $336m.

China's securities regulator approves ESR Group's logistics real estate firm listing in the country, enabling the company to raise approximately 2.44bn yuan ($336m) via an IPO. The ESR C-REIT, which will comprise three logistics facilities in Kunshan, Jiangsu Province, China, aims to provide future assets for acquisition from ESR's quality portfolio of assets under management and development pipeline.

June 24, 2024
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