Announced
Financials
Sources
Tags
Cross Border
logistics assets
Completed
Majority
South Korea
Private
Express Courier / Parcels
Joint Venture
Friendly
Single Bidder
Synopsis
IGIS Asia Investment Management, a Korea’s real estate asset manager and global real estate company, and QuadReal Property Group, a global real estate investment, operating and development company, formed a joint venture. Financial terms were not disclosed. “Global logistics market fundamentals remain compelling, driven by supply chain reconfiguration requirements and the growth of omni-channel retail. In South Korea we continue to witness the interrelation between e-commerce led occupational demand and a shortage of Grade-A space in proximity to dominant urban centres, which is forecast to underpin rental and capital growth,” Peter Kim, QuadReal Asia Managing Director.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.