KKR’s Coupang Seoknam Logistics Center Sold to IGIS

2022. 08. 25 · Byungki Koh

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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

The Coupang logistics center in Seoknam-dong, Seo-gu, Incheon has been at the center of the commercial real estate market all year, and finally, IGIS Asset Management has been selected as preferred bidder for the sale. Let’s discuss more about the property and the sale. ①Lowered Price Expectations Amid High Interest Rates A total of 6 companies participated in the bidding which took place on July 27. These six were IGIS Asset Management, Mastern Investment Management, Koramco REITs & Trust, IGIS-KKR JV, DWS Asset Management, and the Singaporean listed REIT Mapletree Trust (MLT). Had the property been up for sale last year, there would have been much more interest, […]

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Byungki Koh

Content Editor, Seoul Property Insight(SPI)

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