‘IMAKO’ No Show at Invesco Logistics Portfolio Bid

2022. 09. 26 · 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.

On August 31, Invesco held the bidding for its logistics center portfolio. The three assets included are Yangji Logistics Center which was completed earlier this year, Iljuk Logistics Center in Anseong, Gyeonggi-do which is still being developed, and Jegi-ri Logistics Center in Hwaseong, Gyeonggi-do. The time just before the bidding can be seen as a turning point in the Korean commercial real estate market. Due to interest rate hikes, the commercial real estate market is not enjoying new inflow of funds, making it difficult for the market to absorb new assets being sold. Since IGIS Asset Management, Mastern Investment Management, and Koramco REITs & Trust, also known collectively as ‘IMAKO’, […]

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Byungki Koh

Content Editor, Seoul Property Insight(SPI)

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