Blackstone funds take majority stake in Sanha Logistics Park II development in South Korea
BX•Project details and location
The 334,000-square-meter dry-storage project in South Korea’s Seoul Metropolitan Area is under construction, with completion expected in 2028.
The site sits along the Gyeongbu Expressway corridor, positioning it for distribution demand tied to the Seoul-Busan industrial route.
The facility is designed for high power capacity to support warehouse automation for large logistics and e-commerce users.
Blackstone funds buy majority stake in South Korea logistics project
Funds managed by Blackstone Real Estate Partners bought a majority stake in Sanha Logistics Park II via a primary share issuance.
ESR retained an investment. It will stay on as development manager and asset manager through ESR Kendall Square.
