The Economic Times

Global Market: Blackstone acquires majority stake in South Korea logistics park

Blackstone has secured a dominant share in Sanha Logistics Park II, located in South Korea. This strategic acquisition reinforces Blackstone's foothold in the East Asian market, with the logistics park slated for completion by 2028. Management of the development and assets will remain under ESR. This initiative enhances Blackstone's logistics real estate portfolio throughout the region.