Blackstone has acquired a majority interest in Sanha Logistics Park II, a dry-storage logistics development in South Korea, through a primary share issuance, as the global investment firm seeks to expand its presence in the East Asian market, the companies said on Thursday, Reuters reported.
Singapore-based real estate manager ESR will remain an investor in the project and continue to act as development manager and asset manager through its South Korean platform, ESR Kendall Square.
