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 phase one of the Qingpu Yurun Logistics Park in Shanghai in September 2023, with a GFA of about 344,840.745 sqm. Developed over two phases, ESR Qingpu Yurun Logistics Park is the Group’s largest development project in China to date. Phase two will be completed by the end of 2023, with a total GFA of more than 556,000 sqm.

The flagship project is located in Baihe Town, Qingpu District, Shanghai, the heart of the Yangtze River Delta region, which is one of the strategic areas where a cluster of e-commerce and modern logistics companies are based, as well as home to the regional headquarters and foreign-funded R&D centres.

Jeffrey Shen, ESR Group Co-founder and Co-CEO, said, "The logistics industry in the Yangtze River Delta area, part of the Tier 1 region, will continue to benefit from high domestic consumption and favourable Government policies that promote talent mobility and business development. We are proud of ESR Qingpu Yurun Logistics Park, our flagship facility which is well-positioned to tap on the demand for high quality logistics assets in support the economic development of the region. Its strategic location, large-scale, one-stop cold and dry storage solutions are strong value propositions for customers looking consolidate their operations in East China, while achieving cost savings and efficiency.”

The large-scale ESR Qingpu Yurun Logistics Park’s in-built features enable it to meet tenants’ diverse storage and urban distribution needs. Its cold storage capability allows tenants to consolidate their cold chain processes with different temperature-controlled requirements into a single facility, thus ensuring the safety and quality of the products while achieving cost efficiencies and waste reduction. The phase one industrial and logistics 3-level site has a 90,000 sqm basement with a dedicated parking space and a warehouse with built-in temperature-control utilizing minimal power consumption.  The basement has double ramps, suitable for vehicles up to 9.6 meters and below, and cargo elevators that have easy access to the loading bay at the first level for large-scale distribution trucks.

The phase one of ESR Qingpu Yurun Logistics Park has obtained Leadership in Energy and Environmental Design (“LEED”) Gold certification by the U.S. Green Building Council. The facility adopts LED lighting and high-efficiency refrigeration equipment, rainwater harvesting and grey water recycling system, and waste heat recovery system in the cold storage facilities. The park has also installed a rooftop solar power system generating about 6 MW as well as about 120 EV charging piles in the parking lot.

As of 30 June 2023, ESR has a development work-in-progress of US$13.0 billion, the largest development workbook in APAC, providing clear visibility on future fee income. In 1H 2023, the Group achieved a record US$3.8 billion of development starts as well as accelerated US$2.2 billion in completions demonstrating its ability to deliver at scale.  As of 30 June 2023, ESR has a total AUM of US$30.8 billion and approximately 14.7 million sqm of GFA in China.