Blackstone takes majority stake in ESR’s Sanha Logistics Park II development in South Korea
BX•Blackstone takes majority stake in Sanha Logistics Park II
- Blackstone Real Estate Partners funds took a majority stake in Sanha Logistics Park II via a primary share issuance.
- ESR Group remains an investor in the 334,000-sqm dry-storage logistics development in South Korea’s Seoul metropolitan area.
- ESR Kendall Square will stay on as development manager, asset manager for the project.
- Sanha Logistics Park II is under construction, slated for completion in 2028.
