KKR & Co. Inc. (NYSE:KKR) announced on Monday that it has completed a major real estate acquisition in South Korea, taking ownership of the Cheongna Logistics Center in Incheon.

The deal highlights rising institutional interest in large-scale logistics assets as Korea's economy continues to shift toward e-commerce and advanced fulfillment networks.

Executed through a fund managed locally by Kreate Asset Management, the purchase stands as the largest single-property logistics transaction ever recorded in the country.

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The Cheongna facility, completed in 2022, spans approximately 4.6 million square feet and benefits ...