Peter Hwang joined DragonCor Logistics Co. Ltd (China), a Shanghai-based management company for logistics assets in Blackstone Real Estate's funds, as CEO, effective July 1, Blackstone said Thursday.
The position is new.
DragonCor currently manages roughly $4.5 billion in mainland logistics assets — modern warehouses spanning 54 million square feet — currently owned by Blackstone funds. A spokeswoman said that platform makes Blackstone one of China's five largest developers.
Mr. Hwang comes to DragonCor from the Hong Kong office of Iron Mountain, a Boston-based company offering information management services.
