Located in Ansan’s West sub-market within the Seoul Metropolitan Area, Logisvalley Ansan is a large-scale facility spanning approximately 240,000 sqm with strong connectivity to major infrastructure for last-mile and regional distribution, says M&G Real Estate in a Jan 5 announcement.
M&G Real Estate, a part of M&G Investments’ private markets business, has acquired Logisvalley Ansan, a prime seven-storey logistics facility in the Seoul Metropolitan Area, for KRW512.3 billion ($455 million).
The seller is a fund managed by CBRE Global Investors, which had acquired the asset in May 2019 from South Korean developer Sunkyung E&C, understands The Edge Singapore.
