Case Study
Unlocking Green Capital for Korea’s Logistics Sector
ESR’s South Korea platform, ESR Kendall Square, recently closed a KRW 198.5 billion green loan with Crédit Agricole CIB for Geomdan Logistics Park—marking the bank’s first green loan in Korean real estate,1 and a notable milestone for sustainable finance in the country’s logistics sector.
Located in Incheon, on the western edge of Greater Seoul, Geomdan Logistics Park is a Grade A, 150,000 sqm logistics complex developed to best-in-class specifications. The asset features direct ramp access to all warehouse floors, wide truck yards, high clear ceiling heights, and ample power capacity. It has achieved sustainability certifications, including LEED Gold and WELL Health-Safety Rating, supported by integrated sustainability features including pre-installed solar panels, water-efficient systems, EV charging stations, and bicycle storage facilities.
For ESR, this transaction reflects a systematic approach to integrating sustainability considerations across development and asset management—aligning high-quality assets with its capital market positioning. Across its Korea portfolio, ESR continues to deliver strong occupancy rates alongside GRESB recognition2 for sustainability performance, supporting the link between sustainability credentials, asset quality, and investor confidence.
South Korea’s logistics real estate market continues to benefit from structural tailwinds including e-commerce growth and supply chain modernization. In this context, ESR’s ability to access green financing for a landmark asset underscores how sustainability performance is becoming integral to how institutional-grade logistics platforms successfully differentiate, secure capital, and deliver for investors and customers.
1 https://www.ca-cib.com/en/news/credit-agricole-cibs-debut-green-transaction-korean-real-estate-esr
2 The ESR case study presented on this page is based on publicly available information, including company press releases. This information has not been independently verified by Warburg Pincus and reflects information provided by or attributed to the applicable company. See Cautionary Statement for important information, including with respect to Third Party Sources. https://www.esr.com/news/esr-group-achieves-outstanding-performance-across-global-esg-benchmarks/. Accessed 07/09/2026.
*as of Q2 2026