INA, ESR, Mitsubishi Jointly Investing in Three Indonesian Logistics Parks

INA, ESR Group and MC Urban Development Indonesia (MCUDI) have partnered up to invest in three logistics parks in Indonesia, developed and managed by ESR. The trio said they were also exploring options for additional joint investments in the sector. The three property assets are in Cikarang and Kawarang. The two assets in Cikarang have an expected completion date of May and June 2023, while the property in Karawang is set to start construction in June 2023.