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Perlman said two secular trends were converging to underpin the strength of the logistics and industrial sector.įirst was a shift to shop online, which had accelerated during the current environment. Perlman told IPE Real Assets said 60% of ESR’s tenants were in e-commerce or were third party logistics supporting e-commerce.
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“One clear positive that does stand out in this environment is the resiliency of the logistics and industrial sector, given that it sits in the central nervous system as the core infrastructure for e-commerce.” “Obviously, COVID-19 is having an impact on probably every business today,” said Jeff Perlman, chairman of ESR Cayman. The newly created ESR-KS II development joint venture has secured an initial $350m, $450m and $200m respectively from APG, CPP Investments and ESR.ĪPG, CPP Investments and ESR will hold 35%, 45% and 20% of total issued shares, with options to increase total equity investment capacity up to $2bn.ĮSR-KS II will invest in and develop an industrial warehouse logistics portfolio in the Seoul and Busan metropolitan areas.ĭespite COVID-19, ESR has this year raised more than $2bn in three geographies – China, Australia and now South Korea – for new vehicles. The 2022 APG XI committee has readied 14 sports arenas: athletics at the Solo Manahan Stadium, boccia (UNS FKOR GOR), archery (Kota Barat Field), judo (Tirtonadi Convention Hall), weightlifting (Solo Paragon Hotel), swimming (Jatidiri Semarang Sports Hall), table tennis (Solo Techno Park), court tennis (Manahan Solo), chess (Dwangsa Solo Hotel), goalball (UNS Sports Hall), badminton (UMS Edutorium), CP football (UNS Stadium), Basketball (Sritex Sports Hall), and sitting volleyball (UTP Sports Hall).Dutch pension fund manager APG and CPP Investments have joined ESR Cayman to invest $2bn (€1.85bn) in South Korea’s logistics sector. "Thank you for trusting our city as the APG host for the second time, previously in 2011 and now in 2022," Raka remarked. The committee was currently focusing on training volunteers and preparing the APG torch fire parade as well as the APG ceremonial opening ceremony. Meanwhile, Chairman of INASPOC, Gibran Rakabuming Raka, stated that the venues and athletes were ready for APG XI. By God's will, Indonesia can become a good organizer and achieve a good result," the minister remarked.Īmali also conveyed Indonesia's readiness to welcome the arrival of APG participants from Southeast Asian countries. "I think this will increase our optimism. The minister said the central government, especially President Joko Widodo (Jokowi), hoped that the second APG in Solo would be implemented successfully, with help from the regional government and also the state-owned enterprises (SOEs) that assisted in the venue infrastructure preparations. "We thank the Surakarta mayor and the Surakarta city government for their extraordinary efforts in preparing the 2022 APG XI," Amali remarked. They visited the athletics arena at Manahan Stadium, tennis court at Manahan Complex, boccia arena at the Sebelas Maret University (UNS) FKOR Sports Hall, goalball arena at the UNS Sports Hall, and Cerebral Palsy (CP) Football venue at the UNS Stadium. The minister later noted that Indonesia will host the 2022 APG XI in Solo from July 30 to August 6.ĭuring his review, Amali was accompanied by Surakarta Mayor Gibran Rakabuming Raka, who concurrently serves as chairman of the Indonesia ASEAN Para Games Organizing Committee (INASPOC), Chairman of the Indonesian National Paralympic Committee (NPC) Senny Marbun, and Deputy Chairman of the Chief de Mission (CDM) of the Indonesian contingent for APG XI Prihatin. "After reviewing the preparation of several arenas and the 2022 APG XI athletes in Solo, I am sure the event will be successful," Amali stated in Solo on Monday. Solo (ANTARA) - Minister of Youth and Sports, Zainudin Amali, is optimistic that the 2022 ASEAN Para Games (APG) XI in Solo, Central Java, would run smoothly based on his review of the venue and Indonesian athletes' preparations.