RealVantage expands into South Korea with $71m logistics investment

Construction and leasing are expected to start in Q4 2026.

Proptech firm RealVantage, backed by private wealth investors from Australia, Hong Kong, Malaysia, and Singapore, has entered the South Korean market with its largest investment yet — a $70.57 (US$55m) deal for the Anpyeong Logistics Center.

In partnership with ESR Kendall Square, the project has a planned investment duration of 35 months, with construction completion and leasing expected to begin in Q4 2026.

The center is a five-storey, dry-storage Class A warehouse covering approximately 36,600 square meters of net leasable space, including four floors dedicated to warehouse operations.

Featuring large floor plates, the facility is strategically located in Icheon — a key logistics hub just an hour’s drive from Seoul’s central business district and 30 minutes from major population centers such as Bundang and Seongnam.

Given its proximity to major manufacturing complexes and urban centers, the logistics center is expected to attract tenants from e-commerce, high-tech manufacturing, and third-party logistics sectors. Market analysts anticipate a favorable supply-demand gap emerging by 2025, supporting strong tenant demand and potential value appreciation upon project delivery.

RealVantage CEO Keith Ong said their entry into South Korea positions RealVantage to capitalise on the booming e-commerce demand for last-mile logistics infrastructure.

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