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ESR Kendall Square REIT Restarts Capital Recycling Strategy with Sale of Icheon Fila Logistics Center

2025. 02. 07 · 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.

    ESR Kendall Square REIT, the premier logistics center REIT in Korea, is reactivating its capital recycling strategy after a 2-year hiatus to engage in active reinvestment through the sale of existing assets. ESR Kendall Square REIT has been growing through incorporating via its sponsor’s pipeline and external assets every year since its listing in December 2020. As of the end of last year, ESR Kendall Square REIT had 19 logistics centers and its AUM amounted to KRW 2.8 trillion. Despite the difficulties caused by oversupply in the logistics center market and high interest rates, ESR Kendall Square REIT continues growing steadily through annual asset incorporation. In 2023, the […]

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