ESR Group Limited (“ESR” or the “Company”, together with its subsidiaries, the “Group”; SEHK Stock Code: 1821), Asia-Pacific's leading New Economy real asset manager, has signed a Memorandum of Understanding (“MOU”) with Kumamoto Prefectural Government, Yatsushiro City, and Mercury Capital. Under the MOU, the partners aim to further invigorate the local economy by transforming Yatsushiro City into a premier logistics hub in southern Kumamoto Prefecture, Japan. Yatsushiro City is the gateway to Kyushu and the Yatsushiro Port offers easy access to various Asian markets. 

ESR will be working with Kumamoto Prefectural Government, Yatsushiro City, and Mercury Capital to help attract investment to support Japan’s largest semiconductor hub on the Kyushu Island, with ESR leveraging its extensive customer relationships and global development expertise. The booming e commerce, third-party logistics, and advanced manufacturing industries are propelling demand for more modern logistics facilities in Kumamoto Prefecture, where there is an intent to house a myriad of industries, originating from semiconductors to artificial intelligence, data centres, and autonomous driving. By providing best-in-class space solutions, ESR will support firms that wish to establish their presence in southern Kumamoto Prefecture. 

Stuart Gibson, ESR Group Co-founder and Co-CEO, has been working in the logistics industry in Japan for more than 20 years and founded ESR’s predecessor company in Japan. Commenting on the partnership, he noted, “Japan has always been a key market for ESR, where its logistics market remains one of the largest globally, with continued strong domestic and international investor demand. We are delighted to partner Kumamoto Prefectural Government, Yatsushiro City, and Mercury Capital. As part of ESR’s commitment to develop premier logistics assets to meet the strong demand of our customers, we see tremendous potential to create a large-scale logistics hub in southern Kumamoto Prefecture.”  

“This MOU builds on ESR’s successful track record in Japan. We are truly grateful for the trust of our partners and look forward to participating and supporting the prefecture’s plans to attract New Economy investments and businesses.” 

In Japan, ESR has US$31.8 billion in assets under management and 4.7 million sqm of GFA.