Alongside the rapid penetration in e-commerce, the trend of strengthening supply chains will give another boost to the logistics sector, she said.“On a global scale, rental housing is very attractive to us,” McCarthy noted.“We also see opportunities in hospitality, including here in South Korea.”POLITICAL RISKS IN KOREAMcCarthy said Blackstone is undeterred by the political risks in South Korea caused by President Yoon Suk Yeol’s impeachment.
In South Korea, the global investment firm is optimistic about hotel and logistics sectors, which remain undersupplied amid rising travel demand and the rapid growth of online shopping.“Last year was an inflection point where we saw a bottoming after two difficult years that have followed rate hikes,” she told The Korea Economic Daily in a recent interview".
The purchase followed the sale of Arc Place, a prime office building in Seoul, for 791.7 billion won.“Similarly in hospitality, we see very limited new supply in this market, but demand that really exceeds, far exceeds pre-COVID levels.”She began her career at Goldman Sachs in the M&A group after receiving a bachelor’s degree from Yale University.
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