Blackstone Accelerates Korean Investment, Hotel Investment Closely Following Logistics Deal Closing
2024. 10. 23 · Byungki Koh
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Blackstone, the world’s largest alternative investment management firm, is accelerating its investment in the Korean commercial real estate market. Blackstone completed the closing of the Gimpo Seonggwang Logistics Center on the 18th. The Gimpo Seonggwang Logistics Center, located in Jeonho-ri, Gochon-eup, Gimpo-si, Gyeonggi-do, is a multi-temperature logistics center with one basement level and four above-ground floors, with a total floor area of approximately 30,000 square meters. DWS Asset Management has closed the deal after selecting the preferred bidder in May. Blackstone participated in the bidding process in collaboration with Pebblestone Asset Management. The Gimpo Seonggwang Logistics Center is strategically located near Seoul, has lower rental fees compared to […]
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Content Editor, Seoul Property Insight(SPI)
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