Largest cold storage to be built in the last two decades in the city Pioneering the future of logistics in Hong Kong

HONG KONG SAR - Media OutReach - 27 September 2023 - ESR Group Limited ("ESR", SEHK Stock Code: 1821), APAC's largest real asset manager powered by the New Economy, in partnership with Chinachem Group ("Chinachem"), a leading property developer in Hong Kong, today broke ground to begin the development of a prime cold storage and logistics facility in Kwai Chung, the first-of-its-kind and the largest to be built in Hong Kong in the last 20 years.