Global investment firm KKR has agreed to sell Japan's Central Tank Terminal Co., Ltd. and Korea's Central Terminal Korea Co., Ltd. to institutional investors. Having acquired CTT in 2021 and CTK in 2023, KKR expanded both bulk storage platforms across Asia. The infrastructure transactions remain subject to customary closing conditions, with financial details unrevealed.
Samsung Electronics has signed an agreement with real estate developer DH Plus to supply AI appliances and B2B operational solutions for the Grants Forest Park development in Cebu, Philippines. The mixed-use complex will feature residences, a hotel, villas and an international school by 2030. Samsung will integrate its SmartThings, SmartThings Pro and b.IoT platforms to streamline energy efficiency and building operations across the site.
Central Asian nations and South Korea have established a new industrial cooperation platform following an inaugural ministerial meeting in Seoul. Industry leaders gathered to discuss trade, technical infrastructure, critical minerals and artificial intelligence in manufacturing. The talks produced a joint memorandum on supply chains, along with a bilateral agreement between Uzbekistan and South Korea to set up a dedicated strategic mineral development platform.
Modular construction firm NRB is showcasing relocatable and long-life building solutions at the 2026 World Smart City Expo in Busan. The firm addresses urban land shortages by placing temporary, reusable modular structures on underutilised sites, such as car parks and development land. These flexible modules can be moved or reconfigured over time to match shifting local demographic demands, including youth, family and elderly housing needs.
Blackstone has acquired a majority stake in Sanha Logistics Park II, a 334,000 square metre dry storage development in South Korea's Seoul Metropolitan Area, through a primary share issuance. ESR will remain an investor and continue managing development and asset operations via ESR Kendall Square. Scheduled for completion in 2028, the strategic project along the Gyeongbu Expressway marks Blackstone's third logistics investment in the country.
South Korean builder GS E&C has partnered with CRA, an architecture and design group led by MIT Professor Carlo Ratti, to research climate-resilient housing concepts. The project analyses the impact of extreme weather, heatwaves, and fine dust on homes using sensor data. Following feasibility testing, the firm plans to roll out these protective technologies across its premium Xi residential apartments.
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