 "Warehouse")
ESR, promoted by private equity major Warburg Pincus and its (ESR's) senior management, is looking to develop one ‘plug-and-play’ warehouse every quarter. This will help it tap the growing demand from e-commerce, pharma and other sectors. ESR is also the largest warehousing company in the Asia-Pacific, in terms of value of assets held.
‘Plug-and-play’ buildings or ‘speculative buildings’, as ESR calls them, are ready buildings which have facilities like power, water and so on.
They can be used by tenants against ‘built-to-suit’ buildings, which are developed in accordance with specifications given by tenants.
“These buildings (plug-and-play) are a major focus
