SINGAPORE

Oxford Properties Group (“Oxford”), a leading global real estate investor, developer and manager, congratulates Joanne McNamara, EVP, Europe at Oxford, on her appointment as a Non-executive Director of ESR Group Limited (“ESR”) effective January 1, 2024. ESR is the largest real asset manager powered by the New Economy in Asia Pacific (APAC). 

ESR is the largest APAC-focused real estate logistics platform with operations in China, South Korea, Japan, India, Singapore and Australia. Oxford was a cornerstone investor in ESR’s IPO to the Hong Kong Stock Exchange in late 2019. A follow-on investment in 2020 made Oxford one of its largest institutional shareholders.

McNamara’s appointment adds significant depth in global investment and development experience to ESR’s board.

In a recent statement welcoming McNamara onto the ESR board, the Chairman of ESR, Jeffrey Perlman, highlighted her accomplished track record, extensive knowledge and experience in real estate, and broad exposure to asset management across different real estate sectors, and noted that McNamara would be an invaluable addition to ESR.

Joanne McNamara, EVP, Europe at Oxford Properties, commented: “The ESR team has built a market-leading real estate investment and investment management business across key APAC markets through their New Economy investment and development capabilities. I am delighted to be joining ESR’s board of directors and look forward to contributing fresh perspectives to ESR’s further strategic development.”

Alessandro Fiascaris, SVP, Head of Asia at Oxford Properties, commented: “This appointment is very welcome news both for our team and for ESR. Jo’s addition to the board is a powerful signal to the market, aligning Oxford’s equity position with a commensurate role within ESR’s governance structure. We very much look forward to continuing our support for ESR in its strategic evolution.

“My team and I continue to be responsible for all investments and operations in the region, including ESR — and we are pleased that ESR will benefit greatly from having Jo’s experience and expertise in the ESR boardroom.”

McNamara also sits on the board of M7, a leading pan-European industrial real estate investment and investment management business which was acquired by Oxford in September 2021. Prior to Oxford, she worked at DTZ and Hammerson Plc in corporate finance, investment, and development.  Highly regarded by her industry peers, McNamara was voted by the industry as the 2021 PERE European Industry Figure of the Year and recognised as a 2021 PERE Woman of Influence.