Expanding Global Investment
Mirae Asset Daewoo announced on Dec. 26 that it has completed the acquisition of a new Amazon logistics center near Atlanta by investing US$78 million. The U.S. subsidiary of Mirae Asset Daewoo will solely acquire the logistics center and then sell some of its stake directly to well-heeled people as well as institutions in the United States. Global insurer Allianz joined the deal as a senior investor.
The logistics center was completed by USA Real Estate Company, a U.S. real estate investment company, in July this year on a site of about 99,100 square meters near Atlanta. Amazon will use the center for 15 years and can extend the lease period to up to 25 years.
"Recently, the Mirae Asset Group successfully closed high-volume deals in the global alternative investment market. We are getting proposals from global investment banks on better terms," said Woo Yeon-kwang, head of the U.S. subsidiary of Mirae Asset Daewoo.
The U.S. subsidiary of Mirae Asset Daewoo has built a localized IB business model to acquire superior alternative investment assets in the U.S. and is actively investing in U.S. trophy assets such as the Courtyard Marriott Hotel Portfolio and Hawaii Four Seasons.
Moreover, it is creating an investment method to generate synergies by linking the IB and WM business by providing local customers with competitive products which are commercialized investment assets.