LaSalle Completes Development of Logiport Icheon in South Korea

SEOUL (December 05, 2017) — LaSalle Investment Management (“LaSalle”) today announced the completion of Logiport Icheon, a modern logistics warehouse located in Icheon, south of Seoul. Tour the asset in virtual reality here:

Situated in Icheon City located within 40 miles from Seoul’s Gangnam business district, Logiport Icheon is a 467,207 sq ft, multi-storey development offering tenants direct ramp access to each floor. Logiport Icheon benefits from strong transport links to major cities across South Korea, with access to major North-to-South and East-to-West national and local highways.

LaSalle acquired the 322,526 sq ft land site in February 2016 and has already completed the construction and secured leases with a number of global companies.

Steve Hyung Kim, Head of Acquisitions and Representative Director for Korea, LaSalle Investment Management, said: “Despite South Korea’s e-commerce and consumer penetration fundamentals linked to a connected and dense population, there is an existing lack of modern warehouses for both tenants seeking quality space and institutional investors seeking core properties. This presented an opportunity for LaSalle to develop its first logistics facility in South Korea.

He added: “Logiport Icheon was acquired and executed by LaSalle’s local platform, to underscore our regional focus of investing in logistics properties across Asia Pacific markets for past 15 years. We plan to selectively target land acquisition opportunities in strategic locations in South Korea going-forward.”

Logiport Icheon was built for LaSalle Asia Opportunity Fund IV, the fourth in a series of successful opportunity funds launched by LaSalle for the Asia Pacific region. The fund is focused on building a diversified portfolio of assets in Australia, China, Japan and South Korea.

LaSalle has a strong history of developing and managing logistics assets across the Asia Pacific region, and currently manages approximately US$2.6 billion AUM in high-quality industrial assets across the region.

About LaSalle Investment Management 
LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, we manage approximately $77 billion of assets in private equity, debt and public real estate investments as of Q4 2021. The firm sponsors a complete range of investment vehicles including open- and closed-end funds, separate accounts and indirect investments. Our diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. For more information please visit and LinkedIn.

NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.

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