In 2021, Hines acquired a 330,000 sqft site to develop Hines Logistics Namyang.
The site is strategically located in Hwaseong, Greater Seoul, targeting a 21m-population within 50 km. The project boasts superior access to the expressway system, airport and harbors, enabling last-mile delivery to the southern Seoul metropolitan area.
The 469,608-square-foot multi-story cold and dry storage building will be constructed with the highest standards for modern industrial buildings. All four floors are accessible via ramp, 10m floor heights, 2.0-2.5t/sqm load capacity, and provide multiple temperature solutions.
Hines Logistics Namyang was completed in 2023.