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background-Uiwang Logistics

Uiwang Logistics

Uiwang Logistics building

This seven-storey last-mile logistics asset is situated in a prime location with access to a vast infrastructure network, including expressways, railroads, two arterial roads (Bugok IC and Bugok IC), inland container depots (ICDs) and a freight terminal that can streamline the process of the movement of goods into and out of the asset. Serving the southern population of the Greater Seoul area, the facility offers direct access to Gangnam Business District in 20-minutes. This will enable up to three-rounds of delivery service per day to the most prestigious residential area with the highest consumption ability in South Korea.

South Korea is one of the biggest e‑commerce markets globally, and the sector has seen a further expansion due to Covid-19. This in turn facilitates greater demand for third-party modern logistics in South Korea. We see an opportunity in ‘last-mile’ delivery, particularly in the Greater Seoul area where the southern population is under-served.

— Louise Kavanagh, Managing Director, Real Estate, Asia Pacific
Contact
Louise Kavanagh
Louise Kavanagh
Managing Director, Real Estate, Asia Pacific