Brookfield Asset Management has completed the sale of Cheongna Logistics Center, a high-quality logistics facility located in Incheon, in what is the largest single asset logistics transaction in Korea to date.
There has been sustained tenant demand for Cheongna Logistics Center and it is now a fully occupied asset with durable cash flows, reflecting the strength of Brookfield’s local asset management capabilities and the depth and resilience of Korea’s modern logistics sector. Brookfield executed a series of value-enhancing initiatives during its ownership period, including achieving LEED Gold certification and completing a cold-to-dry conversion to align with evolving tenant needs, contributing to the asset’s outperformance.
“We are pleased to have completed the sale of this high-quality logistics asset, which reflects both our disciplined investment approach and the strength of Korea’s logistics market. There continues to be demand for institutional-gr
