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Sign in Sign up for a FREE subscriptionIGIS, QuadReal launch $1b South Korean logistics JV
IGIS Asia Investment Management, the pan-Asian fund management arm of IGIS Asset Management, Korea’s largest real estate asset manager, and global real estate company QuadReal Property Group have formed a programmatic joint venture to develop logistics assets in South Korea.
The partners will capitalize on the highly favorable structural drivers underpinning demand for logistics space in South Korea, including accelerating ecommerce penetration and an acute shortage of class A tenant accommodation.
QuadReal will provide the majority of capital with the IGIS team responsible for originating, developing and operating the assets, leveraging its vertically integrated platform, which has recently delivered 322,000 square meters (3.5 million square feet) of logistics space into the market. The QuadReal team brings its own extensive experience in the industrial sector, owning and managing more than 120 million square feet (11 million square meters) of single- and multi-te
