KKR (KKR) and its affiliated Korean asset manager, Kreate Asset Management, announced the completion of the acquisition of Cheongna Logistics Center, a 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. Completed in 2022, Cheongna Logistics Center is a 4.6M square feet logistics facility. Additional financial terms were not disclosed.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KKR:
- 5 Ways to Invest in Private Companies
- Midday Fly By: SoftBank buying DigitalBridge, Verisk drops AccuLynx deal
- Michael Kicinski acquires GOG from CD Projekt, terms not disclosed
- KKR Stock Off Color Despite Being in Pole Position to Buy $506M Japanese Herbal Health Group
- KKR receives first negotiation rights on privatizing Yomeishu, Bloomberg says