LOGOS acquires newly-built logistics facility in Yeoju, Korea

Media
Friday 1st September 2023

Leading Asia-Pacific logistics specialist, LOGOS is pleased to announce it has acquired a newly-built logistics facility in Yeoju, Korea. LOGOS has secured a lease for a substantial portion of the circa 42,500 sqm facility with one of the largest 3PL companies in Korea. LOGOS adds a quality property to its regional portfolio with its second asset in Korea.

The LOGOS Yeoju Logistics Center is located within one of Korea’s core logistics markets on National Route 3, providing high accessibility to Seoul and the surrounding Seoul Capital Area. The property is a fully dry facility that benefits from an exceptional tenant-focused design and modern specifications with four warehousing floors and additional mezzanine office space.

LOGOS’ Head of Korea, Sung Park, said: “We are excited to be announcing the acquisition of the LOGOS Yeoju Logistics Center. We continue to see strong demand from our regional and domestic tenant relationships for quality, well-located facilities in the Korea logistics market, and our lease is a testament to the strength of this asset.”

“We see the current market to be a unique opportunity to invest into logistics real estate in Korea. LOGOS is actively exploring opportunities to acquire additional quality assets and development land parcels in key logistics markets across Korea to support our customers.”

In line with LOGOS’ ESG initiatives across its entire portfolio, the property is targeting LEED Gold certification and is expected to be one of a few LEED certified logistics facilities in the market.

LOGOS entered the Korea logistics market with the announcement of the LOGOS Siheung Logistics Center in 2022.

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