KOR | ENG

After 20 Long Months, KKR Completes Seoknam Coupang Logistics Center Sale

2024. 04. 11 · Byungki Koh
0

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, Incheon, which is being sold by Kohlberg & Kravis Roberts (KKR), has finally been completed. It has been 20 months since the bidding was conducted at the end of July 2022 and IGIS Asset Management was selected as the preferred bidder. The Seoknam Coupang Logistics Center is a project developed by KKR by acquiring 55,000 square meters of the SK Incheon Petrochemical site located in 224-20 Seoknam-dong, Seo-gu, Incheon in 2018. Initially, it was expected that the deal would close last year as planned, but when a fire broke out after approval for use in August of last year, the sales conditions, […]

Please Register or Login to read the contents.