NH-Amundi Asset Management Signs Business Agreement with NongHyup Economic Holdings for Bucheon Urban Logistics Warehouse Development Project

[Asia Economy Reporter Hwang Yoon-joo] NH-Amundi Asset Management announced on the 14th that it has signed a business agreement with NongHyup Economic Holdings and Bucheon City to promote the development project of an urban logistics center.

According to this agreement, NH-Amundi Asset Management will proceed with the design and development of a logistics center on approximately 8,500 pyeong of land within the Bucheon Ojeong Logistics Complex owned by NongHyup Economic Holdings, aiming for completion in the second half of 2026.

The Bucheon Ojeong Logistics Complex is connected to Gimpo Airport and Incheon International Airport via the Gyeongin Expressway and Seoul Ring Expressway, and is also well accessible to downtown Seoul, making it an optimal location for urban logistics.

On this day, Park Hak-joo, CEO of NH-Amundi Asset Management, and Kim Kyung-soo, Head of NongHyup Economic Holdings, signed the agreement and agreed to continue collaboration in various fields based on this cooperation.

Kim Kyung-soo, Head of NongHyup Economic Holdings, said, "This is meaningful as it is the first development project with NH-Amundi Asset Management since the separation of economic and financial holdings," adding, "With a shared spirit of cooperation and social contribution, we expect to achieve stable development and generate profits."

Park Hak-joo, CEO of NH-Amundi Asset Management, stated, "This development will enable us to secure market competitiveness in various areas within the real estate finance sector," and added, "By 2025, the 10th anniversary of our entry into alternative investment business, we aim to enter the industry's top tier."

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