Koramco Asset Management and Starwood Capital are pursuing the acquisition of the Yeoju Samgyo-dong logistics center, which was unsuccessful in the public auction. Koramco and Starwood Capital formed a joint venture (JV) called the ‘Distressed Logistics Platform’ with a scale of USD 150 million at the end of last year. Starwood Capital will invest a total of KRW 400 billion through the JV that can include loans, utilizing its flagship fund, the Starwood Distressed Opportunity Fund 13. After launching late last year, the first investment was made with the acquisition of a room-temperature logistics center located in Gobeok-ri, Icheon, Gyeonggi-do for KRW 49 billion. With a total floor […]