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.
根據週五發佈的一份新聞稿，新加坡主權財富基金GIC和華平支持的ESR為澳大利亞物流地產設立了第三隻核心+基金--澳大利亞物流夥伴關係III(EALP III)，承諾股本為6億澳元(合4.08億美元)。
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的電話採訪時表示，作為基石投資者的GIC將貢獻該基金的90%，ESR將注入10%。GIC拒絕就這一話題置評。
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澳大利亞分公司首席執行長皮爾斯(Phil Pearce)表示，GIC和ESR的第三個工具已經在對該基金的一些初始種子資產進行盡職調查。ESR的發言人表示，該基金將瞄準悉尼、墨爾本和布里斯班等澳大利亞一線和二線城市的倉庫。
"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集團聯合創始人兼聯席首席執行官斯圖爾特·吉布森和傑弗裏·沈表示：“我們很高興在EALP III上擴大我們與GIC的長期合作伙伴關係，因為這反映了我們對ESR有能力利用整個亞太地區，特別是澳大利亞日益增長的機會的集體信心。作為亞太地區最大的真實資產管理公司，ESR的綜合基金管理平臺為我們的資本合作伙伴提供了一些在電子商務和數字轉型的積極趨勢推動下，世界上一些最好的長期增長機會，”ESR Group的聯合創始人和聯席首席執行官沈志強表示。我們期待着利用我們專有的關係生態系統來識別場外交易，並利用我們強大的內部開發、資產和物業管理團隊為我們的投資者和利益相關者創造價值。“
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.
新聞稿稱，這隻開放式基金是GIC支持的前傳基金ESR Australian物流合作伙伴II(EALP II)的繼續努力，該基金已全額分配了6億美元的股權承諾。第二筆交易包括合作伙伴去年4月以38億澳元(合29億美元)從美國私募股權巨頭黑石集團(Blackstone)手中獲得的澳大利亞有史以來最大的物流和投資組合交易。
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.
該聯盟於2022年3月首次啟動了與ESR澳大利亞物流合作伙伴I(EALP I)的合作伙伴關係系列基金，承諾股本為6億澳元(4.08億美元)。
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.
前身基金已投資於全國不同城市管理的累計資產682,016平方米(7,341,159平方英尺)。