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| Seen above is Amazon's local distribution center in the U.S. state of Georgia. Mirae Asset Daewoo said Thursday it invested $78 million in acquiring the center. / Courtesy of Mirae Asset Daewoo |
By Jhoo Dong-chan
Mirae Asset Daewoo has purchased Amazon's distribution center in Macon, Georgia, for 90 billion won ($78 million), the company said Friday.
Built by U.S. construction firm USAA Real Estate Company in July 2018, the center has been leased to the world's largest e-commerce firm for the next 15 years. The contract could be extended additionally up to 25 years after the lease ends.
Mirae Asset's corporate body in the U.S. solely acquired the 100,000-square-meter building.
The company said it will sell parts of the center's stakes to wealthy private and institutional investors.
Global insurer Allianz already agreed to acquire part of the stakes, it added.
"Mirae Asset has successfully concluded a series of blue-chip deals lately, receiving a stream of quality offers from global investment banks," Mirae Asset Daewoo U.S. body head Woo Youn-kwang said.
"We will continue looking for other investment opportunities in the U.S. by using the firm's differentiated networks."
The brokerage has been an active player acquiring promising real estate assets at home and abroad. It recently acquired stakes in Four Seasons Hawaii and other prime assets in the U.S.
Mirae Asset Daewoo is the nation's largest securities and investment bank firm by market capitalization. It currently has approximately 9 percent of the Korean brokerage market in terms both of trading value and commissions.
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