M&G JV Buys Greater Seoul Shed From CBRE IM for $350M

M&G JV Buys Greater Seoul Shed From CBRE IM for $350M

M&G Real Estate has acquired a seven-storey warehouse in Greater Seoul from CBRE Investment Management under a joint venture valuing the property at KRW 512.3 billion ($350 million). M&G will hold a 78.5 percent stake in Logisvalley Ansan alongside two... Read More>> The post M&G Teams With Local Investors to Buy Korean Shed From CBRE IM for $350M appeared first on Mingtiandi.

M&G Real Estate acquires South Korean logistics facility for KRW512.3 bil

M&G Real Estate has announced the acquisition of a prime seven-storey logistics facility in the Seoul Metropolitan Area for KRW512.3 billion ($456 million). M&G Real Estate will have a 78.5% stake, alongside South Korea’s Private School Teacher Pension Fund and Korea Fire Officials Credit Union. M&G Real Estate’s stake will be acquired through the M&G Asia Property Fund.  Named Logisvalley Ansan, the asset spans 240,000 sq m and was completed in…