Blackstone takes majority stake in ESR’s Sanha Logistics Park II development in South Korea

Reuters2026/09/10 00:18

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Blackstone Real Estate Partners funds took a majority stake in Sanha Logistics Park II via a primary share issuance.
ESR Group remains an investor in the 334,000-sqm dry-storage logistics development in South Korea’s Seoul metropolitan area.
ESR Kendall Square will stay on as development manager, asset manager for the project.
Sanha Logistics Park II is under construction, slated for completion in 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ESR Group Ltd. published the original content used to generate this news brief on September 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Blackstone takes majority stake in ESR’s Sanha Logistics Park II development in South Korea

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