Starwood Capital Group to acquire a 10.7% stake in ESR Group.

Starwood Capital Group, a private investment firm, agreed to acquire a 10.7% stake in ESR Group, an Asia focused real estate services and investment company. Financial terms were not disclosed. "ESR is the leading real estate platform in Asia Pacific with important market positions in logistics and data centres, which are key growth areas for Starwood Capital. I have known Stuart for many years and have always been impressed by the business he, Charles and co-CEO Jeffrey Shen have built. Having recently partnered with ESR in Australia, we are very pleased to expand and strengthen our relationship through this transaction. We have full faith and confidence in the management team and look forward to working with all stakeholders over the longer-term," Barry Sternlicht, Starwood Capital, Chairman and CEO.