News Snapshot:
Germany-based real estate investment manager Union Investment has entered the Asia Pacific logistics real estate market with the acquisition of West Anseong Logistics Center in South Korea. The acquisition is being made on behalf of open-ended real estate fund Unilmmo: Global, the company said. The vendor is KB Asset Management, the asset management arm of the KB Financial Group, Korea’s largest financial group. Constructed in 2017, the West Anseong Logistics Center is a Grade A dry storage facility with four upper storeys, two basement levels and 184 parking spaces. It offers a total Gross Floor Area of about 55,400 sqm...
