Kohlberg Kravis Roberts (KKR) and Kreate Asset Management have completed the acquisition of the mega-sized Cheongna Logistics Center on December 29 in a transaction worth over KRW 1 trillion. Kreate Asset Management, which was established at the end of last year with investment from KKR, has made a notable presence in the logistics center investment market by completing its first deal with the acquisition of the Anseong Yangbyeon Logistics Center, followed by the acquisition of the Hwaseong Jegi-ri Logistics Center from Invesco, and now finishing the year with the acquisition of the Cheongna Logistics Center. Unlike the previously acquired assets that were invested in using KKR’s real estate […]