Blackstone Invests in Sanha Logistics Park II
Simpson Thacher represented Blackstone in its investment in a majority stake in Sanha Logistics Park II, a prime dry storage logistics development in South Korea’s Seoul Metropolitan Area. ESR will remain an investor in Sanha Logistics Park II and continue to serve as development manager and asset manager through ESR Kendall Square, its South Korean platform.
Spanning 334,000 square meters, Sanha Logistics Park II is currently under construction and is expected to be completed in 2028. The development is strategically positioned along the Gyeongbu Expressway, Korea’s main highway corridor connecting Seoul and Busan, within an established distribution and manufacturing hub serving many major Korean conglomerates.
The Simpson Thacher team included Anthony King, Paul Kim and Timothy Magarry (M&A); Makiko Harunari and Hyunmin Youm (Credit); Meredith Jones and Max Toubiana (Tax); and Erica Rozow and Alexander Kharash (Executive Compensation & Employee Benefits).