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A&O advises ESR Group on the establishment of a new Korean focused Core Fund

Allen & Overy has advised ESR Group Limited (ESR) on the establishment by its South Korean platform, ESR Kendall Square, of Korea’s first perpetual, open-ended core logistics fund.

ESR is APAC’s largest real asset manager and the third largest listed real estate investment manager globally, with approximately US$150 billion in total assets under management (AUM).

Partner Shuhui Kwok commented: “We are delighted to have represented ESR on another landmark transaction. This highlights A&O’s leading capability in managing complex transactions for real asset managers in APAC. We’ve advised ESR on numerous fund establishment, M&A and financing deals, and look forward to continuing our relationship.”

The A&O team was led by partner Shuhui Kwok in Singapore with support from Felicia Tan, Wayne Chan, Jaime Teo, Abir Mishra, Isabelle Cheah and Callum Udy. Specialist tax advice was provided by Ka Sen Wong, Caroline Lapidus and Zahra Keshwani, with antitrust advice provided by Vivian Cao, Jiaming Zhang and Rui Wang.