- This last-mile logistics asset is strategically located in Uiwang and surrounded by the Inland Container Depot (ICD) terminals – the only ICD in the Greater Seoul area, covering 80% of the region’s total container throughput
- Its location offers excellent connectivity, with direct expressway access enabling a 20-minute drive to the Southern Seoul Metropolitan area
- This seven storey facility spans 845,000+ sq ft and accommodates cold/dry storage, featuring a central ramp providing direct access to each floor, a 10-meter ceiling height and four racks ensuring maximum operational efficiency for third-party logistics tenants
- This submarket benefits from high entry barriers due to green belt restrictions and elevated land prices, limiting new supply. Strong demand for logistics facilities is expected to continue, driven by the growth of the e-commerce market in Korea
- The asset has a LEED silver certificate
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Uiwang Logistics
Key information
Industrial/Logistics
Sector
2020
Acquired
Seoul, South Korea
Location
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*Please note that the assets shown are a select sample only and do not represent all of Nuveen Real Estate's assets. The case studies presented herein reflect an objective, non performance-based standard. It should not be assumed that any investment has been or will be profitable.
