HONG KONG – ESR Cayman Limited, the largest APAC focused logistics real estate platform, is announced that it has been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programmes, effective from 15 March 2021.
“We are delighted to be included in the Stock Connect programmes and the Hang Seng Composite Index – both are significant market benchmarks that reflect the capital market’s recognition and confidence in ESR’s market position and growth prospects,” said ESR co-founders and co-CEOs Jeffrey Shen and Stuart Gibson.
The inclusion will enable Mainland-based investors to trade directly in the securities of the Company via the Stock Connect scheme, facilitating the further expansion of our
investor base and enhancing the liquidity of our stocks, the two added.
Stock Connect is the landmark mutual market access programme connecting the Hong Kong, Shanghai and Shenzhen stock exchanges, giving Mainland and international investors direct access to trade securities in each other’s markets through the trading and clearing facilities of their home exchange.
ESR is the largest APAC focused logistics real estate platform by gross floor area (GFA) and by value of the assets owned directly and by the funds and investment vehicles it manages. Co-founded by its senior management team and Warburg Pincus, ESR and the funds and investment vehicles it manages are backed by some of the world’s preeminent investors including APG, SK Holdings, JD.com, CPP Investments, Oxford Properties and PGGM.
The ESR platform spans across the People’s Republic of China, Japan, South Korea, Singapore, Australia and India. As of 30 June 2020, the fair value of the properties directly held by ESR and the assets under management with respect to the funds and investment vehicles managed by ESR recorded approximately US$26.5 billion, and GFA of properties
completed and under development as well as GFA to be built on land held for future development comprised over 18.7 million sqm in total. – BusinessNewsAsia.com