SINGAPORE, 24 September 2026 – ESR, a leading Asia-Pacific real asset owner and manager, has
signed an agreement to acquire 100% of Aquila Clean Energy APAC (“Aquila Clean Energy”), a clean
energy platform that develops, owns and operates solar, battery storage and wind assets across the
region, from Aquila Group, a Hamburg-based investment and industrial development company.

Infrastructure and clean energy are increasingly critical to the operation and growth of logistics real
estate and data centres, driven by rising power demand and industrial decarbonisation. This investment
positions ESR across these increasingly interconnected sectors, enhancing its ability to offer capital
partners access to a broader range of resilient real asset investment solutions.

Aquila Clean Energy APAC has a 1.6 GW portfolio of operational, construction and advanced
development assets in the key Asia-Pacific markets of Australia and New Zealand, South Korea, Japan
and Taiwan, offering significant capital deployment and value creation opportunities. The platform
complements ESR’s regional footprint and offers strong adjacencies with its logistics real estate and
data centre businesses. The acquisition builds on ESR’s existing activities and pipeline in solar and
battery storage and strengthens its capabilities to offer investment opportunities across renewables.

Phil Pearce, President of ESR, said, “ESR has entered its next phase of growth with a clear focus on
the sectors that underpin resilient supply chains, digital economies, and long-term economic
development. As demand for logistics infrastructure, data centres, and power becomes increasingly
interconnected, we see significant opportunities at the intersection of these sectors, with energy
infrastructure becoming an increasingly compelling area for long-term capital deployment.”

Apurv Choudhary, Group Head of Infrastructure, ESR, added, “Aquila Clean Energy APAC brings an
experienced team and a high-quality and diversified renewables portfolio across key Asia-Pacific
markets, which is strategically adjacent to ESR’s footprint. Leveraging ESR’s platform capabilities, we
intend to significantly scale the Aquila Clean Energy platform while maintaining a strong focus on returns and execution discipline, creating an attractive investment opportunity for our capital partners.”

Completion of the transaction is expected by Q1 2027, subject to customary closing conditions and
applicable approvals. Following completion, ESR intends to work closely with the Aquila Clean Energy
APAC management team to accelerate growth, scale investment solutions, and realise opportunities
across ESR’s Asia-Pacific platform.

Roman Rosslenbroich, CEO and Co-founder, Aquila Group, said, “I am very proud of what the Aquila
Clean Energy APAC team has built: a clean energy platform spanning solar, wind and battery storage
across the most attractive markets in Asia-Pacific. That ESR, one of the leading real asset owners in
the region, has chosen to acquire this platform is a strong recognition of Aquila Group’s ability to attract
talented management teams and build category-leading industrial platforms. ESR is a strong owner for
this business, and I want to thank everyone who contributed to this success over the years.”

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About ESR
ESR is a leading Asia-Pacific real asset owner and manager focused on logistics real estate and data
centres that power the digital economy and supply chain for investors, customers, and communities.
Through our fully integrated real asset fund management and development platform, we strive to create
value and growth opportunities for our global portfolio of investors. We offer our customers modern
space solutions to realise their ambitions across Australia and New Zealand, Japan, South Korea,
Greater China, Southeast Asia, and India, including a presence in Europe. Our purpose, Space and
Investment Solutions for a Sustainable Future, drives us to manage sustainably and impactfully for the
communities we serve to thrive for generations to come. Visit www.esr.com for more information.

About Aquila Clean Energy APAC
Aquila Clean Energy APAC is a clean energy platform that funds, develops, builds and operates solar
PV, wind power and battery storage assets across the Asia Pacific region (APAC). Through these
activities, we are committed to advancing the energy transition towards a more sustainable future. To
date, we have a 1.6 GW of projects across development, construction and operations. Our vision is to
be a leading developer and independent power producer in APAC. For more information: www.aquila-clean-energy-apac.com.

Media Contacts

ESR
Genevieve Chow, Group Head of Communications
media@esr.com

CDR for ESR
ESRAsia@cdrconsultancy.com