RealVantage, a leading real estate investment platform, has announced its first venture into South Korea with a $55m investment in the Anpyeong Logistics Centre, in collaboration with ESR Kendall Square. This marks RealVantage’s largest investment to date, with the project set to be completed by Q4 2026. Located in Icheon, a key logistics hub 40 km from Seoul, the development aims to meet the growing demand for last-mile logistics infrastructure driven by South Korea’s booming e-commerce sector.
The Anpyeong Logistics Centre will feature a five-storey Class A warehouse with 36,600 square metres of net leasable space, designed to attract e-commerce tenants, high-tech manufacturers, and third-party logistics providers. The facility’s strategic location offers efficient distribution access to major population centres, including Seoul, Bundang, and Seongnam. RealVantage CEO Keith Ong highlighted the significance of this exclusive deal, stating, “This deal is exclusively available to RealVantage and its private wealth investors, as a result of our deep ties with ESR group.”
ESR Kendall Square, the local arm of Asia-Pacific’s largest real asset manager, ESR group, boasts a strong track record in logistics development and asset management. With $150b in assets under management, ESR Kendall Square has developed 25 assets since 2015, maintaining an average net internal rate of return exceeding 30%.
RealVantage’s entry into South Korea underscores its commitment to providing institutional-grade real estate investment opportunities to private wealth investors. The platform collaborates with reputable partners globally, including Greystar Real Estate Partners in the USA and AsheMorgan in Australia. As RealVantage continues to expand its international portfolio, the Anpyeong Logistics Centre is poised to benefit from South Korea’s robust logistics demand, driven by e-commerce growth.
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