ESR Group Limited (“ESR” or the “Company”, together with its subsidiaries, the “Group”; SEHK Stock Code:1821), APAC’s largest real asset manager powered by the New Economy, has completed the construction of a high-end manufacturing and supply chain industrial park in Zhangjiagang, Suzhou City, Jiangsu Province, China.

With a GFA of about 107, 017 sqm and land area of 95,667 sqm end Manufacturing and Supply Chain Industrial Park is located in Zhangjiagang based in the Yangtze River Delta Economic Zone, a premium location with convenient transportation access, accessible by land, sea and air. The industrial park was completed in May 2023 and is now leased to a major automotive manufacturer and an international 3rd party logistics provider.

The park boasts of double-layer ramped premise and a 30-metre wide unloading area to meet the parking and unloading, the ESR Suzhou Zhangjiagang High- of logistics requirement. In addition, the industrial park is within close proximity to the largest international trade port in the Yangtze River Basin, handling over one million containers per year, making it the sixth busiest port in the country in terms of annual cargo throughput.1

As the main port area of Suzhou Port, Zhangjiagang is an important foreign trade port for Suzhou, Wuxi and Changzhou in southern Jiangsu Province. The area is well-known for the development of chemical, new material, high-end equipment, new energy, and bio-pharmaceutical industrial sectors. With its unique advantages, Zhangjiagang ranked third among the top 100 counties in China’s county-level economy in 2022. As the city continues to develop, the demand for high-quality industrial infrastructure in the district will increase sharply, creating excellent conditions and a foundation for advancing the logistics and warehousing industry.

Jeffrey Shen, Co-founder and Co-CEO of ESR, said, "Located in the Zhangjiagang Free Trade Zone, the ESR Suzhou Zhangjiagang High-end Manufacturing and Supply Chain Industrial Park not only meets the production needs of the Zone in terms of industrial structure upgrade, but also provides better services to support its supply chain system, thereby laying a solid foundation for ESR to expand its footprint in the Yangtze River Delta supply chain market. With this backdrop, ESR China is set to attract customers operating in the new emerging industries like energy, high-end equipment manufacturing and other strategic emerging industries to Suzhou Zhangjiagang High-end Manufacturing and Supply Chain Industrial Park."

As of 31 December 2022, ESR Group has a development work-in-progress (“WIP”) of US$11.9 billion, the largest development workbook in APAC, providing clear visibility on future fee income. TheGroup achieved a record US$6.5 billion of development starts as well as US$5.5 billion in completions which accelerated in the second half of 2022. ESR has a total AUM of US$32.5 billion and approximately 14.3 million sqm of GFA in Greater China.

1 Jiangsu's 6 major ports rank among the top 20 in the country in terms of cargo throughput http://js.ifeng.com/c/8KaRc7FgXh1