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 ESR Nanning Wuxiang E-commerce Logistics Park in Nanning, the capital of Southwest China's Guangxi Zhuang Autonomous Region (“Guangxi”). Completed in June 2023, the ESR Nanning Wuxiang E-commerce Logistics Park is situated in the Wuxiang New District, an emerging core logistics area and a key development area in Nanning city, which is much sought-after by e-commerce and third-party logistics companies.

Nanning is one of the national logistics hubs identified in China and the host city of the China-ASEAN Expo1,2, underscoring the unique advantages of Guangxi, given its geographical proximity with ASEAN countries such as Vietnam, Laos and Thailand. The logistics park comprises both single- and double-storey warehouses, with a total GFA of 98,402.56 sqm. The single-storey warehouses allow for double-sided loading to enhance operational efficiency, while double-layer ramped warehouses provide a high space utilization to maximize storage capacity, catering for diverse operational needs.

Jeffrey Shen, Co-founder and Co-CEO of ESR Group, said, "By leveraging Guangxi’s geographical connection with ASEAN countries, ESR Nanning Wuxiang E-commerce Logistics Park is ideal for tenants looking for high quality logistics space in China and international value chain collaboration. This demand is propelled by the rebound of ecommerce and digital transformation in China, which underpins the is propelled by the rebound of ecommerce and digital transformation in China, which underpins the acceleration of ESR’s New Economy developments in China."

As of 31 December 2022, ESR Group has a development work-in-progress of US$11.9 billion, the largest development workbook in APAC, providing clear visibility on future fee income. The Group 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.