Even though the logistics center market is plagued by oversupply, ESR Kendall Square is showing its competitiveness. ESR Kendall Square has demonstrated is unrivaled competitiveness in the Korean logistics center development and investment market. In 2014, ESR Kendall Square was established, led by former employees of the Korean branch of Prologis, a leading American logistics center REIT, partnered with ESR which had received investment from American private equity fund manager Warburg Pincus, known for its platform investments in the Asia-Pacific market. ESR Kendall Square subsequently received funds from global pension funds, such as Canada’s CPPIB and the Dutch APG, expanding its investment in logistics centers via a newly […]