APAC’s largest real asset manager powered by the New Economy, has completed the construction of its two-storey ramped logistics facility, ESR Langfang Baiyi Logistics Park, in August 2023.

ESR Langfang Baiyi Logistics Park is located in the Langfang Guangyang Economic Development Zone in China's Hebei province. Situated in the prime location between Beijing and Tianjin, the Zone is one of the first batch of provincial-level industrial clusters in Hebei. Leveraging modern business logistics industry chain and high-end equipment manufacturing ecosystem, the Zone provides a conducive business environment for industries such as biopharmaceuticals, cross-border e-commerce, cold chain logistics and special equipment. The logistics park is at the heart of major links such as Beijing-Shanghai Expressway, Beijing-Shanghai Railway, Jingjintang Expressway and National Highway 104, making it an excellent choice for intelligent urban distribution and cargo transshipment.

With a total GFA of 70,159.13 sqm, the logistic park is tailored to pharmaceutical companies with purpose-built requirements, such as pharmaceutical and medical device warehouses, sorting centres, sales and display centres. The completed facility also encompasses a highly integrated modern warehouse management system including transportation, automated sorting and cold chain, providing end-to-end solutions for storage and transportation of pharmaceutical products for healthcare companies.

The ESR Langfang Baiyi Logistics Park has wide unloading platform doors that can be customised to customers' specific needs, optimising transshipment efficiency and improving their operational flexibility. The Park also enables precise logistics to be implemented, to meet customers’ demand for intelligent warehousing.

Jeffrey Shen, ESR Group Co-founder and Co-CEO, said, "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.

Related ESR reading:

ESR raises additional 3rd-party equity for last phase of 650,000 sqm

ESR Starts Development on Largest Logistics Park in Japan

ESR Completes High-end Manufacturing and Supply Chain Industrial Park in Zhangjiagang, Suzhou

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