RealVantage, real estate-centered regulated fractional investment platform, has made a maiden entry into South Korea with an exclusive $55 million last-mile logistics development deal in partnership with ESR Kendall Square.
The property, Anpyeong Logistics Center, is located 40 kilometers (25 miles) from Seoul’s city center and Icheon. It is a five-story class A, dry-storage warehouse spanning approximately 36,600 square meters (387,501 square feet) of net leasable space located. With South Korea ecommerce representing a significant portion of all retail sales in the country and expected to continue experiencing growth in the next few years, there is a growing appetite for logistics to keep up with a robust supply chain.
“Anpyeong Logistics Center is strategically positioned to benefit from South Korea’s growing demand for last-mile logistics infrastructure driven by the booming ecommerce sector,” said Keith Ong, RealVantage co-founder and CEO. “Our entry int
