ESR Leases 48,800 Sq. Ft. Industrial Space To UPM In Navi Mumbai, India

                                                                                                          ESR Taloja Industrial & Logistics Park, Navi Mumbai

MUMBAI, 17 July 2024 – ESR Group Limited ("ESR" or the "Company", together with its subsidiaries, the "Group"; SEHK Stock Code: 1821), Asia-Pacific's leading New Economy real asset manager, has leased 48,800 sq. ft. (over 4,500 square metres (“sqm”) of prime industrial real estate to UPM's business unit UPM Raflatac, a world-leading sustainable labelling solutions provider. UPM will use this space in ESR Taloja Industrial & Logistics Park (“ESR Taloja”) to serve its growing customer base in India and achieve higher efficiency in their operations.

UPM Raflatac, headquartered in Helsinki, offers a wide range of pressure-sensitive label materials for various applications, from food and beverage packaging to pharmaceuticals and industrial labelling. The new space will provide them with a modern and efficient facility to streamline their operations, including warehousing and distribution. This collaboration amplifies Navi Mumbai's rising eminence as a preferred industrial destination for international enterprises.

Key benefits of the new space for UPM

• Strategic location: Situated near the JNPT port and well-connected to Mumbai, Navi Mumbai, and Thane, the park offers excellent access to key transportation routes.
• Modern infrastructure: The Grade A+ sustainable infrastructure, pre-certified Gold by IGBC, ensures efficient operations and aligns with UPM's commitment to sustainability.
• Increased capacity: The additional space will allow UPM to expand its warehousing and distribution capabilities, catering to the growing demand for its labelling solutions.
• Potential for value-added services: The space can be configured to accommodate potential value-added services, further enhancing UPM Raflatac's offerings to customers.
   

Reflecting on this collaboration, Suresh Valecha – Country Manager of UPM Raflatac, India, said "This expansion reflects our commitment to supporting the dynamic growth of the Indian market. Our growing business demands a human-centric space that aligns seamlessly with our sustainability objectives. ESR Taloja's strategic location and state-of-the-art infrastructure will ensure efficient product flow and allow us to deliver exceptional service to our customers. Taloja's impressive infrastructure and facilities will undoubtedly provide a dynamic environment for our employees. With India's flourishing retail and industrial landscape, we eagerly anticipate expanding our business and exploring future growth possibilities."

Abhijit Malkani, CEO of ESR India, said, "We take immense pride in extending a warm welcome to UPM. Our commitment to providing best-in-class space solutions aligns with UPM's focus on growth and sustainability. The park's Grade A+ sustainable infrastructure, pre-certified Gold by IGBC, synergises strongly with UPM's eco-friendly solutions. This collaboration goes above and beyond operational efficiency – it empowers UPM to operate a sustainable supply chain operation, supported by ESR’s extensive New Economy development and asset management expertise."

With a 90-acre (close to 365,000 sqm) expanse, ESR Taloja is a cutting-edge industrial and logistics park adjacent to Taloja MIDC. This thriving industrial hub encompasses food processing, FMCG, engineering, pharmaceuticals, cold chain, logistics, and warehousing sectors. Developed to meet global standards, ESR Taloja prioritises sustainability and has been pre-certified gold by the Indian Green Building Council (IGBC).

In India, ESR manages 22 industrial and logistics parks with total assets under management of US$1.7 billion and 2.8 million sqm of gross floor area as of 31 December 2023.
 

About ESR Group

ESR Group is Asia-Pacific's leading New Economy real asset manager and one of the largest listed real estate investment managers globally. Our fully integrated fund management and development platform extends across Australia/New Zealand, Japan, South Korea, Greater China, Southeast Asia, and India, including a presence in Europe and the United States. We provide investors with a diverse range of real asset investment and development solutions across private and public investment vehicles. Our focus on New Economy real assets offers customers modern solutions for logistics, data centres, life sciences, infrastructure, and renewables. Our purpose, Space and Investment Solutions for a Sustainable Future, drives us to manage sustainably and impactfully for the communities where we operate and the spaces we develop to thrive for generations to come. ESR Group is listed on The Stock Exchange of Hong Kong (HKSE: 1821.HK). Visit www.esr.com for more information.

About UPM

We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 16,600 people worldwide and our annual sales are approximately EUR 10.5 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com