ESR Group Receives Takeover Proposal from Starwood-led Consortium

The Hong Kong-listed real estate giant may go private, pending shareholder and regulatory approvals.

A consortium including Starwood Capital, Sixth Street, and SSW Partners proposed taking ESR Group private, offering shareholders cash or equity rollover options.
Preliminary discussions suggest a potential 20-30% premium over ESR's last closing price, valuing the firm up to HK$45.7 billion.
Warburg Pincus, a major shareholder, is not part of the consortium but is in talks and supports the proposal.
ESR's share trading was halted on announcement day, with plans to resume following clarity on the takeover bid.
The proposal is at a preliminary stage, with final terms pending and subject to regulatory and shareholder approval.