2023-05-29 05:34:03 ET
Indonesia Investment Authority, ESR Group, and MC Urban Development Indonesia, a 100% subsidiary of Mitsubishi ( OTCPK:MSBHF ) enter strategic partnership.
The venture is investing in three strategically located modern logistics parks, developed, and managed by ESR and the partners are exploring committing to additional joint investments in the sector.
The partnership aims at investing in the development of modern warehouse facilities in Indonesia and secure a substantial share of this expanding market.
The three assets that the partnership is investing in have strategic locations in Cikarang and Karawang.
Building on this strategic partnership, INA, ESR and its subsidiary LOGOS are set to deepen their collaboration. Both parties have expressed enthusiasm to explore the establishment of additional joint mandates for Indonesian development assets and other mutually strategic initiatives.
For further details see:
INA, ESR, and Mitsubishi invests in Indonesia's modern warehouse facilities