IGIS Asia Investment Management and QuadReal Property Group formed a joint venture.

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.