AEW Capital Management (AEW) has forward purchased a logistics portfolio scheduled for completion in 2022-2023 in the Greater Seoul Area – the Yeoju Ganam Logistics Center and Incheon Wongchang-dong Logistics Center – for $538.2 million.
The Assets are class-A logistics facilities that offer a mix of cold and dry storage floors with vehicular access via ramps and docking stations. They are located at major logistics submarkets within the Greater Seoul Area that provide nationwide coverage and distribution via expressways leading to all parts of the Korean peninsula.
Yeoju Ganam Logistics Center comprise four buildings, located in Yeoju approximately 50 kilometers (31 miles) southeast of Gangnam Business District. Nearby is Yeoju JC, a highway junction that links two key expressways that provide access to major satellite cities in the Greater Seoul Area. Incheon Wongchang-dong Logistics Center is a nine-story building located in Incheon, close to Incheon North Por
