Asia-Pacific-focused asset owner and manager ESR said on Thursday it has secured $850 million in fresh equity from existing shareholders to fund growth in its logistics real estate and data centre businesses.
The Singapore-based group said in a statement that the new capital would strengthen its balance sheet and support expansion across its Asia-Pacific platform, with a focus on logistics assets and data centres.
The fundraising comes as ESR pushes ahead with a strategy overhaul after it was taken private in July 2025 in a $7.09 billion deal by a consortium, including Starwood Capital Group and Warburg Pincus.
ESR said the new equity builds on more than $2 billion in net proceeds it has generated since January 2025 via divestments of non-core holdings and recapitalization of balance sheet assets.
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"ESR has entered its next phase of growth with a stronger capital base and a more focused platform," ESR President Phil Pearce said in the statement.
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The Capital raised will be used to support the Company's growth initiatives in priority locations which include Australia, Japan and South Korea, but also continue its efforts to pursue growth opportunities in Greater China, India and Southeast Asia.
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As a result of its 1,500+ Logistics customers, ESR has developed approximately $ 9 Billion of new developments through its Developing Pipeline and ESR has identified >3GW of data centre capacity under development for phased deployment in key markets throughout the world.