Starwood Capital partners with Mirae Asset Management to acquire a logistics center in Korea for the first time
2021. 12. 02 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.
Starwood Capital formed an alliance with Mirae Asset Management to invest in its first Korean real estate: the NEPA Distribution Center. Starwood’s investment has three important implications: 1) Expansion of global asset managers’ investment in Asian real estate 2) New foreign institution’s entrance into the Korean market 3) The continuation of interest in logistics centers. Both global and domestic institutions are increasing their investments in the Asia-Pacific region, and this includes foreign investors’ interest in the Korean market. Ever since the growth of E-commerce, there are increasing cases of foreign institutions choosing logistics centers as their first acquisition in the Korean market. Starwood’s decision follows this same trend. […]
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Content Editor, Seoul Property Insight(SPI)
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