South Korea's Mastern Investment Management Co. and Kiwoom Securities Co. are in the due diligence process to acquire six last-mile logistics centers under construction in France for a combined 250 billion won ($225 million), reported The Korea Economic Daily.
Since second half 2020, both Mastern Investment and Kiwoom have been looking to acquire last-mile logistics centers under construction in Europe. In December 2020, Kiwoom acquired a new logistics center in Tholen in the Netherlands.