"Tightening the Metropolitan Logistics Network"... CJ Logistics and Samsung Launch 740 Billion KRW Real Estate Fund

by Choi Daeyul

Published 17 Apr.2022 09:00(KST)

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At the CJ Logistics Smart Fulfillment Center in Gunpo, an Automated Guided Vehicle (AGV) is moving storage shelves along a fixed-route transport path. <Photo by CJ Logistics>

At the CJ Logistics Smart Fulfillment Center in Gunpo, an Automated Guided Vehicle (AGV) is moving storage shelves along a fixed-route transport path.

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[Asia Economy Reporter Choi Dae-yeol] CJ Logistics announced on the 17th that it has established a real estate fund worth 740 billion KRW.


With the purpose of securing key logistics hubs in the metropolitan area, CJ Logistics signed an agreement with Samsung SRA Asset Management to create a logistics blind fund worth 250 billion KRW under the ‘Samsung SRA Private Real Estate Investment Trust No. 80’. The fund borrowing of 490 billion KRW will be raised through financial institutions. The 250 billion KRW raised through the blind fund consists of 100 billion KRW of Class 2 beneficiary certificates invested by CJ Logistics and Samsung Financial affiliates, and 150 billion KRW of Class 1 beneficiary certificates invested by financial institutional investors. The management period is 8 years.


Through this fund, CJ Logistics expects to secure key logistics hubs in the metropolitan area. The company plans to expand its e-commerce logistics business. By expanding fulfillment centers that integrate all logistics processes such as storage, inventory management, packaging, and delivery, CJ Logistics aims to create a denser logistics network in the metropolitan area. This will reduce financial burdens for CJ Logistics and also lessen vacancy burdens arising during the operation of logistics centers. Investors can increase expected returns by investing in the logistics real estate market.


While expanding its e-commerce logistics business, CJ Logistics also plans to enhance its converged fulfillment operation capabilities. The company will also provide last-mile delivery services segmented by time slots in the future. The company stated, "Along with securing key hubs, we will establish advanced logistics technologies and systems as an innovative technology company."

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