APG, CPPIB to invest $500 mln in South Korean logistics: Reuters

Dutch pension fund manager APG Asset Management and Canada Pension Plan Investment Board signed an agreement to own and develop logistics real estate in South Korea with warehousing developer e-Shang, with planned initial investments of US$500 million, Reuters reported. E-Shang is partially backed by U.S. private equity firm Warburg Pincus.

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