KKR has acquired Cheongna Logistics Center, a high-quality logistics facility located in Incheon, invested by funds managed by KKR, through a fund managed by Kreate in Korea. This represents the largest single asset logistics transaction in Korea to date.
Additional financial terms were not disclosed.
Completed in 2022, Cheongna Logistics Center is a large-scale, modern 4.6-million square feet logistics facility that stands out for its strategic location and strong connectivity to major transportation hubs within the Greater Seoul metropolitan area. Modern logistics facilities play an increasingly critical role in supporting Korea’s rapidly evolving, e-commerce-driven economy as demand for large, high-specification warehouses that can support sophisticated logistics and fulfillment operations continues to grow. Driven by sustained tenant demand and the depth and resilience of Korea’s modern logistics sector, Cheongna Logistics Center is today a fully occupied asset
