Coupang’s influence in the Korean logistics center investment market is undeniable. Coupang is the largest tenant of ESR Kendall Square REIT, Korea’s leading logistics center REIT. Coupang has expanded its influence in the commercial real estate market by participating as a tenant in major projects developed or acquired by numerous domestic and foreign asset management companies.     One example is the Cheongna Logistics Center developed by Brookfield Asset Management. At the time of completion in early last year, they had to accept strict loan conditions because they couldn’t find tenants. However, after Coupang leased all the room-temperature space, they changed the loan conditions favorably and refinanced within […]