ESR completed the acquisition of ARA Asset Management from Warburg Pincus for $5.2bn.

ESR, a logistics real estate platform, completed the acquisition of ARA Asset Management, a global integrated real assets fund manager, from Warburg Pincus for $5.2bn. The transaction is subject to customary closing conditions including, amongst others, regulatory approvals and its closing is expected by the end of 2021 or first quarter 2022. Following the completion of the deal, ARA's business will be combined with ESR's platform. "We look forward to partnering with the ESR team, whose expertise, dedication and vision have led to building the region's leading logistics real estate platform, and we can now together provide investors with a full suite of products with an outsized contribution from New Economy real estate," John Lim, ARA Co-Founder and Deputy Chairman.