ESR Group completed the acquisition of a stake in BW Industrial for $450m.

ESR Group, an Asia-focused real estate services and investment company, completed the acquisition of a stake in BW Industrial, a developer of institutional-grade industrial and logistics properties in Vietnam, for $450m. “ESR’s strategic investment in BW marks a significant milestone for our business in Southeast Asia. Underpinned by strong growth fundamentals including rapid urbanisation, a fast-rising consumer class e-commerce, Vietnam is witnessing robust demand for logistics and industrial space with limited and the exponential growth of available modern space. As we continue to extend ESR’s leading New Economy footprint in Vietnam will be an important and valuable market as it offers a fast and dynamic growing economy, scale, velocity of development and strong institutional investor interest," Jeffrey Shen and Stuart Gibson, ESR Co-Founders and Co-CEOs.