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Sign in Sign up for a FREE subscriptionKREST Industrial Real Estate enters South Korea market
KKR Real Estate Select Trust, a subsidiary of KKR, has expanded its industrial real estate portfolio with two new acquisitions, including KREST’s first international investment.
“Our purchases of the Mercedes-Benz Parts Distribution Center and the RPL warehouses grows the total property value acquired by KREST since its launch to over $1.7 billion across a range of differentiated equity and debt strategies, including U.S. and international geographic exposures,” said Billy Butcher, CEO of KREST and COO of KKR Global Real Estate. “These two investments are great examples of how KREST is positioned to benefit from the deep expertise and sourcing capabilities from across the global KKR real estate platform.”
In separate transactions with two different sellers, KREST has acquired about 1.4 million square feet of industrial real estate, including the Mercedes-Benz Parts Distribution Center, a build-to-suit warehouse facility in Anseong, South Korea, and two state-
