Bouwinvest and two other global institutions among Logos’s existing long-standing investors have invested with Logos to establish a South Korean venture with an investment capacity of US$1.3bn (€1.12bn).
Robert Koot, director of Asia-Pacific at Bouwinvest Real Estate Investors, said the latest investment expanded Bouwinvest’s logistics footprint in the region
Bouinvest had become a founding investor for the new venture with Logos because it believed in the compelling long-term fundamentals in South Korea for development of quality assets, he said, adding: “The strategy also complements our current logistics investments in Australia, Japan, Singapore and China.”
Logo’s managing director and co-CEO, Trent Iliffe, said: “Korea is an important market to complement our regional growth and expansion into North-East Asia.”
The South Korean venture represents Logos’ 31st logistics real estate vehicle and sees the Group’s total assets under management increase to more than US$19.6bn.
Logos entered the Korean market in mid-2020 and has sourced an attractive pipeline of development sites for this venture.
Over the next few months, the company said it would announce a steady pipeline of speculative or build-to-suit logistics facilities for its customers in key logistics locations across Korea.
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