ESR, MCUDI Expand Indonesia Logistics Partnership to Develop Assets Valued over $80M
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ESR, MCUDI expand Indonesia logistics partnership to develop assets valued over $80M
ESR, a Singapore-based real asset owner and manager, and PT MC Urban Development Indonesia (MCUDI), a wholly owned subsidiary of Mitsubishi Corporation, have entered into a joint development agreement to develop two institutional‑grade logistics and industrial facilities in Greater Jakarta. The partnership will develop two Grade A logistics and industrial facilities in Karawang and Cikarang – two of Indonesia’s most established and in demand ind…
ESR and Mitsubishi unit to develop Indonesia logistics, industrial hubs valued over US$80 mil
Two Grade A logistics and industrial facilities in Greater Jakarta will be developed under a partnership between real asset owner and manager ESR and Mitsubishi’s wholly-owned subsidiary MC Urban Development Indonesia (MCUDI). Construction has begun, with completion targeted for the third quarter of 2027. The institutional-grade assets, with a total expected asset value of more than US$80 million ($103.3 million), will be located in Karawang and…
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