loading
loading
Singapore-based real estate manager ESR will remain an investor in the project and continue to act as development manager and asset manager through its South Korean platform, ESR Kendall Square. Read more: US stocks today: US stocks retreat as oil crosses $100, yields rise ahead of inflation data Sanha Logistics Park II spans 334,000 square metres and is currently under construction, with completion expected in 2028. The total development cost is estimated at about 600 billion Korean won ($448.30 million), ESR told Reuters. Blackstone did not disclose the value of the stake it acquired. The logistics park is located along the Gyeongbu Expressway, South Korea's main highway corridor linking Seoul and Busan. The companies said the project is designed to accommodate warehouse automation and other changing requirements across supply chains. Read more: Global Market Today: Asian stocks fall as oil stokes inflation fears The investment adds to Blackstone's exposure to South Korea's logistics real estate sector, as demand for modern warehousing infrastructure continues to evolve alongside supply-chain and e-commerce requirements, Reuters said in the report. Blackstone has been expanding its real estate footprint in Asia, with logistics assets forming a key part of its global investment strategy. The Sanha Logistics Park II transaction further strengthens its presence in South Korea while retaining ESR as a development and asset-management partner. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-09-10 23:02