ESR forms $1b Korea logistics JV with pension managers CPP, APG

ESR forms $1b Korea logistics JV with pension managers CPP, APG

Seoul, South Korea. Photo by Emile-Victor Portenart on Unsplash.

Global logistics real estate firm ESR Cayman Ltd has entered into a strategic partnership with Dutch pension administrator APG and Canada Pension Plan Investment Board (CPP Investments) to set up a $1-billion joint venture that will invest in South Korean logistics real estate.