La Salle acquires facility in South Korea
La Salle Investment Management has completed the acquisition and leasing of Logiport West Anseong located in Anseong City, South Korea. The project’s gross floor area is 46,800 sqm and the construction was finished in December 2018.
Steve Hyung Kim, La Salle Investment Management senior managing director, head of acquisition & asset management – South Korea commented: “We are pleased with the completion of the acquisition and leasing of Logiport West Anseong, La Salle’s first warehouse investment with temperature-controlled storage capabilities in South Korea. We believe the growth in e-commerce and logistics service provider sectors will continue to drive occupier demand, especially for the higher quality modern warehouses in “last mile” locations. We plan to selectively develop and acquire additional logistics facilities going forward.” (mw)