Funds managed by Blackstone Real Estate Partners have invested in a majority interest in Sanha Logistics Park II, a prime Korean logistics development, through a primary share issuance.
Sanha Logistics Park II is a dry storage logistics development in South Korea’s Seoul Metropolitan Area. Spanning 334,000 square meters (3.6 million square feet), Sanha Logistics Park II is currently under construction and is expected to be completed in 2028.
The development is strategically positioned along the Gyeongbu Expressway, Korea’s main highway corridor connecting Seoul and Busan, within an established distribution and manufacturing hub serving many major Korean conglomerates. Designed with significant power capacity, the facility will support advanced warehouse automation and the evolving supply chain requirements of leading 3PL providers, ecommerce platforms and retailers.
ESR is a real asset owner and manager in Asia Pacific, focused on logistics real estate and d
