Kingland Partners has provided legal services to ESR Group (01821.HK), a leading new economy real estate management company in the Asia-Pacific region, for the sale of a portfolio of logistics assets in China worth more than RMB 5.8 billion, which constitute the entire portfolio of one of ESR Group’s managed development funds, to ESR's Flagship RMB Core Fund.
ESR Group (01821.HK) is a leading new economy real estate management company in the Asia-Pacific region and one of the largest listed real estate investment management companies in the world. Its fully integrated fund management and development platform spans across Australia/New Zealand, Japan, South Korea, Greater China, Southeast Asia, and India, with operations extending to Europe and the United States. ESR Group provides comprehensive real estate investment and development solutions to investors through its private and public investment companies. ESR Group focuses on new economy real estate, providing modern solutions for logistics, data centers, life sciences, infrastructure, and renewable energy.
The Flagship RMB Core Fund was established in 2023, and has become ESR’s largest RMB fund in China to date, with a total investment scale of RMB 10 billion. The portfolio sold includes nine premium logistics assets located in first and quasi-first-tier cities in China, including Guangzhou, Hangzhou, Shanghai, and Suzhou, where strong consumer demand continues to drive demand for logistics assets. These assets are strategically located near major transportation hubs and city centers. Most constructions in the portfolio have obtained LEED Gold or Silver certification. The total leasable area of the nine assets is approximately 850,000 square meters, with tenants including top companies in e-commerce, third-party logistics, and manufacturing. After the sale is completed, ESR Group will continue to manage these assets.
Kingland Partners, acting as ESR Group’s PRC legal counsel, provided comprehensive and efficient legal services throughout the entire process for the establishment of the Flagship RMB Core Fund and the portfolio projects sale and acquisition transaction. Our Services include drafting and negotiating transaction documents such as the Flagship RMB Core fund partnership agreement, fund establishment and filing, legal due diligence on the portfolio projects, issuance of legal memorandum, drafting, revising, and negotiating acquisition transaction documents, as well as post-closing assistance. The project team from Kingland Partners was led by partners Xu Qi, Li Kaixu, Liu Liyang, and Li Zhibin, and the working team members consist of Hu Chengcheng, Cheng Lei, Ying Qibin, Liu Yuang, and Yang Yizhang.
Kingland Partners, with its deep industry experience and professional legal knowledge, helps clients succeed in the private equity fund sector, providing comprehensive legal protection throughout all stages—from fund establishment to investment and exit. Kingland Partners is committed to providing high-quality legal services to its clients.
