ESR, a logistics real estate platform, completed the acquisition of a 40MW data centre in Hong Kong for $225m. “This is a major strategic move for ESR as it represents our first acquisition in Hong Kong and further establishes our data centre franchise. Hong Kong is an important data centre market in the APAC region, with its low electricity costs, limited climate risks and established network capability. It is also one of the world’s top financial centres as well as the home to ESR’s headquarters. Entering the Hong Kong market is a key expansion strategy as we continue to build our integrated digital and logistics supply chain infrastructure platform to help fuel the new economy in APAC," Jeffrey Shen and Stuart Gibson, ESR Co-Founders and Co- CEOs.