ESR Group Limited announced that ESR-Kendall Square, ESR's South Korean platform, has completed a total of 520,000 sqm of Class A logistics, 100% pre-leased warehouse space, in Korea during the first half of 2022. The newly completed space with seven warehouses, primely located across the Greater Seoul Metropolitan area, has been 100% pre-leased to reputable tenants including one of the largest e-commerce companies in Korea, the logistics arm of a major global electronics manufacturer, a global courier service company, a major international logistics service provider and other leading customers. The newly completed properties further strengthened ESR's dominance in Gwangju City, the most supply-constrained logistics real estate area in Seoul, in Yongin and in Incheon, which serve as the major logistics hubs in Seoul.  All properties were built with the best-in-class specifications and design, including direct ramp access
to all warehouse floors, wide truck yards for efficient intra-traffic flows, high floor tonnage, high ceiling clearance, further cementing ESR-Kendall Square's leading position in the Greater Seoul logistics market landscape.