Warburg Pincus, one of the oldest private equity firms and a leading global growth investor, has announced that, through its Warburg Pincus Asia Real Estate Fund (WPARE), it will establish a logistics and industrial real estate joint venture - QUBE Industrial - with MQ Logistics (MQ), one of South Korea’s leading domestic third-party logistics (3PL) operators and warehouse developers.
QUBE Industrial will focus on investing in modern logistics warehouses and industrial real estate to capture the attractive opportunities in new economy real estate in South Korea.
Andrew Kim, founder and chairman of MQ, is a business veteran and first-generation warehouse developer in South Korea with a proven track record of developing multiple institutional quality warehouses in the past two decades, long before modern warehouses became a key real estate sector in South Korea.
As the chairman of QUBE Industrial, Kim will continue to utilize his deep network and actively source
