An affiliate of Starwood Capital Group, a global private investment firm focused on real estate, has agreed to acquire a 10.7% equity stake in ESR Group in a structured transaction alongside ESR co-founders, Stuart Gibson and Charles de Portes.
Gibson will remain co-chief executive officer CEO and an executive director of the company and Portes will remain a non-executive director at the Hong Kong Stock Exchange HKEX listed firm, according to a March 20 media release.
ESR Group is Asia Pacific’s Apac largest real asset manager with approximately $156 billion in total assets under management focused on the new economy sectors of logistics, data centres and alternatives....
¬ Haymarket Media Limited. All rights reserved.
