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1821 - ESR Cayman News Story

HK$19.52 0.1  0.5%

Last Trade - 07/08/20

Sector
Financials
Size
Large Cap
Market Cap £5.84bn
Enterprise Value £7.37bn
Revenue £271.8m
Position in Universe 222nd / 5983

BRIEF-Esr Cayman Says Unit, APG & Cpp Investments Entered Subscription & Shareholders' Agreement

Thu 23rd April, 2020 12:29am
April 23 (Reuters) - ESR Cayman Ltd  1821.HK :
    * ESR CAYMAN-ON 22 APRIL, UNIT, APG & CPP INVESTMENTS
ENTERED
SUBSCRIPTION & SHAREHOLDERS' AGREEMENT WITH UNIT & ESR-KS II TO
ESTABLISH ESR-KS II AS JV
    * ESR CAYMAN - UNIT, APG & CPP INVESTMENTS AGREED TO INITIAL
EQUITY COMMITMENTS TO ESR-KS II OF $200 MILLION, $350 MILLION &
$450 MILLION, RESPECTIVELY
    * ESR CAYMAM-ESRKS, APG & CPP INVESTMENTS TOTAL EQUITY
COMMITMENTS
CAN BE INCREASED TO A MAXIMUM OF US$400 MILLION, US$700 MILLION
AND US$900 MILLION, RESPECTIVELY
    * ESR CAYMAN-ESR-KS II IS A NEW DEVELOPMENT FUND WHICH WILL
INVEST
IN & DEVELOP "BEST-IN-CLASS" INDUSTRIAL & WAREHOUSE LOGISTICS
PORTFOLIO
    * ESR CAYMAN-ESRKS, APG & CPP INVESTMENTS TO SUBSCRIBE FOR
20%,
35% AND 45%, RESPECTIVELY, OF TOTAL SHARES OF ESR-KS II FOR 
INITIAL SUBSCRIPTION AMOUNT

Source text for Eikon:  ID:nHKS4GbtWN 
Further company coverage:  1821.HK 

 ((Reuters.Briefs@thomsonreuters.com;))
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