Blackstone Acquires Last-Mile Logistics Portfolio in Korea
Simpson Thacher advised Blackstone as international counsel in connection with its acquisition of a logistics portfolio in Seoul, Korea. The portfolio comprises two modern, Grade A logistics centers spanning 1.3 million square feet in Gimpo and Namyangju, which are among Greater Seoul’s most sought-after infill markets.
The Simpson Thacher team included Jonathan Hwang, Paul Kim and Timothy Magarry (Real Estate); Makiko Harunari, Eric Ou and Hyunmin Youm (Credit); Peter A. Thomas and Richard Zhang (Funds); and Meredith Jones and Jenna Al-Malawi (Tax).