At the end of December, Kreate Asset Management acquired the mega-sized Cheongna Logistics Center, worth over KRW 1 trillion, in a rare case of collaboration with domestic institutional investors by Kohlberg Kravis Roberts (KKR). KKR initially planned to invest in the Cheongna Logistics Center through its K-series product K-INFRA, which was launched for high-net-worth individuals, but ultimately, KKR’s Asia Real Estate Core Plus Fund became the anchor investor, along with KKR’s Global Infrastructure Fund and participation from domestic institutional investors. The total investment, including the asset purchase price of KRW 1.3 trillion and related expenses, amounts to approximately KRW 1.109 trillion, with KRW 444 billion raised through equity […]