ESR Gets Non-Binding Takeover Bid From Starwood Consortium

Starwood Capital Group News

ESR Gets Non-Binding Takeover Bid From Starwood Consortium
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(Bloomberg) -- A consortium featuring investors including Starwood Capital Group and SSW Partners is considering a buyout of Asian warehouse developer ESR...

-- A consortium featuring investors including Starwood Capital Group and SSW Partners is considering a buyout of Asian warehouse developer ESR Group Ltd., injecting more life into dealmaking in Hong Kong .Global Chips Battle Intensifies With $81 Billion Subsidy Surge

ESR says it has about $156 billion in assets under management, focused on sectors including logistics and data centers, and is the biggest real-asset manager in the Asia Pacific region. Founded in 1991, Miami-headquartered Starwood Capital has about $115 billion of assets under management and 16 offices in seven countries, its website shows. It says it has invested in virtually every real estate category globally.

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