Umi Construction to Build Logistics Center in Yeoju Samgyo

Aerial View of Yeoju Samgyo Logistics Center

[Asia Economy Reporter Ryu Tae-min] Woomi Construction announced on the 23rd that it will build a logistics center with a total floor area of 40,000㎡ in the area of 459, Samgyo-dong, Yeoju-si, Gyeonggi-do.

This logistics center will be constructed on a site area of 29,683㎡ with one basement floor and four above-ground floors, totaling 39,900㎡ in floor area. The company plans to start construction next month and complete it in the second half of 2022.

Woomi Construction is participating as the contractor for the project finance vehicle (PFV) operated by K-Clavis Asset Management in the logistics center construction. Previously, Woomi was also the contractor for K-Clavis Asset Management's Icheon Bubal logistics center project, completed in October last year. Through this project, Woomi Construction aims to secure expertise in asset management that spans planning, development, and operational management, thereby enhancing its capabilities in real estate complex development.

The Yeoju Samgyo logistics center is expected to serve as a key hub in the nationwide logistics system, enabling transportation to the southeastern region of Gyeonggi-do as well as Gangwon and Chuncheon areas.

A Woomi Construction official stated, “With the growth of the non-face-to-face online distribution market, demand for logistics centers is continuously increasing. We will proactively expand logistics fund investments and pioneer new business areas considering untact business environments such as logistics centers and data centers.”

This content was produced with the assistance of AI translation services.