Blackstone has appointed Peter Hwang as CEO of DragonCor, the logistics platform in China owned and managed by Blackstone Real Estate funds. Hwang will oversee the management and development of DragonCor, a nationwide portfolio of high-quality modern warehouses spanning 5 million square meters (tk square feet), which includes the largest urban logistics park in the Greater Bay Area, where Blackstone has a majority stake.
Cliff Chen, a Blackstone real estate managing director based in Shanghai, said, “Blackstone has built the DragonCor portfolio over the last three years into a collection of carefully selected high-quality logistics assets strategically located in China’s major hubs, with a diversified tenant base across fast-growing sectors such as technology and third-party logistics. Backed by Blackstone’s global scale and logistics expertise, and a world-class management team on the ground, DragonCor today is one of China’s leading logistics portfolios.”
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