Blackstone funds acquired a majority interest in Sanha Logistics Park II on September 10, 2026. The firm partnered with ESR, which retains an investment stake and will continue as the development and asset manager.
The 334,000-square-meter facility is located in the Seoul Metropolitan Area. Construction is scheduled for completion in 2028. The development is designed to support advanced warehouse automation for e-commerce and retail clients.
This investment expands Blackstone’s presence in the South Korean logistics market. The firm considers the sector a high-conviction global investment theme.