TPG buys majority stake in Japanese logistics assets from ESR
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TPG Asia Real Estate has acquired a majority stake in ESR Yokohama Sachiura Distribution Centres 1 and 2 from ESR Group, which retains a minority stake. The facilities cover over 390,000 square meters and are part of a larger logistics park. TPG emphasizes its commitment to Japan's logistics sector, highlighting opportunities for active management to achieve favorable outcomes. ESR was valued at approximately $7 billion in a previous investment deal involving several major investors.
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Source: Businesstimes News The copyright of this article belongs to the original author/organization.
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