Blackstone has strengthened its logistics investment in South Korea by acquiring two advanced facilities near Seoul. These new acquisitions are located in Gimpo and Namyangju, which are both major logistics hubs in Gyeonggi Province.
The two properties span a combined 1.3 million square feet. Each site serves as a last-mile logistics center, designed to support modern supply chain operations. These logistics centers are leased to top domestic and international e-commerce and shipping firms.
Blackstone emphasized its commitment to logistics investment in the region. The firm continues to target sectors with strong demand and long-term growth potential. As part of this strategy, it focuses on acquiring Grade A logistics facilities.
These logistics centers offer large, open layouts with advanced automation and excellent transport access. Because of their strategic design, they provide strong support for companies handling fast delivery services. Blackstone believes these features will drive long-term asset value.
According to the company, logistics investment remains a global priority. In Seoul, the supply of new last-mile warehouses remains tight. As a result, vacancy rates in these markets are low and competition for space is intense.
Blackstone also leverages its global network and local expertise to manage these assets effectively. This combination helps the firm maintain high occupancy and improve returns over time. The Korea team plays a vital role in identifying attractive real estate opportunities.
In recent years, Blackstone has increased its activity in the Korean real estate sector. It has executed several high-profile transactions across logistics and office properties. These moves reflect a broader push to grow its Asia platform.
The company recently invested in a multistory logistics site in Gimpo. It also acquired an office building in Gangnam, planning to turn it into a hotel. Additionally, Blackstone sold Arc Place after transforming it into a premier office space in Seoul.
By adding the new logistics centers, Blackstone expands its footprint in one of Asia’s most promising markets. The firm sees long-term potential in South Korea’s logistics and real estate sectors. Therefore, it plans to continue expanding with targeted acquisitions.
In conclusion, these latest moves align with Blackstone’s core strategy of investing in growth-oriented sectors. Through logistics investment, the company hopes to drive sustainable value in South Korea.
