ESR Group, backed by Warburg Pincus and recently taken private in a $7bn buyout, is evaluating the sale of some of its China assets as the logistics and industrial real estate investor shifts capital toward other Asia-Pacific markets, Bloomberg reports.

People familiar with the matter said the company may sell properties individually or as a portfolio worth several billion dollars. ESR plans to appoint advisers to review options, though discussions remain preliminary and may not result in a transaction.

The group continues to view China as a core market and is actively exploring new growth and investment opportunities there, despite the potential disposals.

Greater China accounted for 27% of ESR’s revenue last year. The firm manages roughly $30bn of assets across the region, including logistics parks on the mainland, a data centre in Hong Kong, retail and office properties in Shanghai, and a life sciences facility. ESR also owns industrial and logistics assets across Asia and has a presence in Europe.

ESR was delisted from the Hong Kong stock exchange earlier this year after being acquired by a consortium including Starwood Capital Group, Sixth Street Partners, SSW Partners, Qatar Investment Authority, Warburg Pincus, and its founders.

Foreign investors have deployed close to $140bn into Chinese real estate over the past 15 years, but many are now seeking exits as the sector comes under pressure. Bloomberg reported in October that numerous global buyers are reassessing their China exposure as warehouses stand empty and asset values soften.

ESR did not respond to requests for comment.

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