GIC, ESR Launch Third Australian Logistics Fund With $408m Commitment
GIC, ESR Launch Third Australian Logistics Fund With $408m Commitment
Singapore's sovereign wealth fund GIC and Warburg Pincus-backed ESR have set up the third core-plus fund for Australian logistics properties, Australia Logistics Partnership III (EALP III), with a committed equity of A$600 million ($408 million), according to a release on Friday.
根据周五发布的一份新闻稿，新加坡主权财富基金GIC和华平支持的ESR为澳大利亚物流地产设立了第三只核心+基金--澳大利亚物流伙伴关系III(EALP III)，承诺股本为6亿澳元(合4.08亿美元)。
GIC, which is the cornerstone investor, is contributing to 90% of the fund and 10% will be injected by ESR, a representative from ESR told DealStreetAsia in a phone interview. GIC declined to comment on the topic.
ESR的一名代表在接受DealStreetAsia的电话采访时表示，作为基石投资者的GIC将贡献该基金的90%，ESR将注入10%。GIC拒绝就这一话题置评。
GIC and ESR's third vehicle is already conducting due diligence on a number of initial seed assets for the fund, according to Phil Pearce, CEO of ESR's Australian arm. The fund will target warehouses in first- and second-tier cities in Australia such as Sydney, Melbourne, and Brisbane, said ESR's spokesperson.
ESR澳大利亚分公司首席执行长皮尔斯(Phil Pearce)表示，GIC和ESR的第三个工具已经在对该基金的一些初始种子资产进行尽职调查。ESR的发言人表示，该基金将瞄准悉尼、墨尔本和布里斯班等澳大利亚一线和二线城市的仓库。
"We are pleased to expand our long-term partnership with GIC on EALP III as it reflects our collective confidence in ESR's ability to capitalise on the growing set of opportunities across APAC and especially in Australia. As the largest real asset manager in APAC, ESR's integrated fund management platform has provided our capital partners with access to some of the world's best secular growth opportunities propelled by the positive trends of e-commerce and digital transformation," said Stuart Gibson and Jeffrey Shen, co-founders and co-CEOs of ESR Group. "We look forward to leveraging our proprietary ecosystem of relationships to identify off-market transactions as well as leveraging our strong in-house development, asset and property management teams to create value for our investors and stakeholders."
ESR集团联合创始人兼联席首席执行官斯图尔特·吉布森和杰弗里·沈表示：“我们很高兴在EALP III上扩大我们与GIC的长期合作伙伴关系，因为这反映了我们对ESR有能力利用整个亚太地区，特别是澳大利亚日益增长的机会的集体信心。作为亚太地区最大的真实资产管理公司，ESR的综合基金管理平台为我们的资本合作伙伴提供了一些在电子商务和数字转型的积极趋势推动下，世界上一些最好的长期增长机会，”ESR Group的联合创始人和联席首席执行官沈志强表示。我们期待着利用我们专有的关系生态系统来识别场外交易，并利用我们强大的内部开发、资产和物业管理团队为我们的投资者和利益相关者创造价值。“
The open-ended fund is a continued effort of the GIC-backed prequel fund, ESR Australian Logistics Partnership II (EALP II), which has fully allocated $600 million in equity commitment, the release stated. The second instalment includes the largest-ever logistics and portfolio transaction in Australia that the partners secured from US-based private equity juggernaut Blackstone for A$3.8 billion ($2.9 billion) in April last year.
新闻稿称，这只开放式基金是GIC支持的前传基金ESR Australian物流合作伙伴II(EALP II)的继续努力，该基金已全额分配了6亿美元的股权承诺。第二笔交易包括合作伙伴去年4月以38亿澳元(合29亿美元)从美国私募股权巨头黑石集团(Blackstone)手中获得的澳大利亚有史以来最大的物流和投资组合交易。
The alliance first kicked off the fund series with Partnerships of ESR Australian Logistics Partnership I (EALP I) in March 2022 with A$600 million ($408 million) committed equity.
该联盟于2022年3月首次启动了与ESR澳大利亚物流合作伙伴I(EALP I)的合作伙伴关系系列基金，承诺股本为6亿澳元(4.08亿美元)。
The predecessor funds have invested in accumulative assets under management of 682,016 square metres (7,341,159 square feet) across different cities in the nation.
前身基金已投资于全国不同城市管理的累计资产682,016平方米(7,341,159平方英尺)。