ESR successfully completes logistics complex in Gimpo market in South Korea

ESR-Kendall Square, the South Korean subsidiary of ESG Group, APAC’s largest real asset manager powered by the New Economy, has completed the development of Geomdan Logistics Park, a landmark, class A 150,000-square-meter (1.6 million-square-foot) logistics complex in the prime Gimpo market in South Korea.

The state-of-the-art complex is only about 10 kilometers (6.2 miles) from Seoul’s Gimpo International Airport, and 30 kilometers (18.6 miles) from Seoul’s Central Business District. Its strategic location is set to attract the country’s prominent e-commerce, 3PL, and other tenants who are looking to serve the most influential population of the Seoul Metropolitan area. Leases have been signed with a global 3PL company, a food and beverage manufacturer and distributor, and a major convenience store operator.

ESR-Kendall Square also targets the WELL Health-Safety Rating for Geomdan Logistics Park, as well as the LEED Gold Certification and GRESB Five-Star Rating