Global investment firm KKR has completed the acquisition of the Cheongna Logistics Center in Incheon, South Korea. The deal represents the largest single asset logistics transaction in the country to date. Working alongside local asset manager Kreate, KKR acquired the 4.6 million square foot facility to capitalise on the growing demand for modern warehousing. The site is currently fully occupied and serves as a vital link in the Greater Seoul metropolitan area supply chain.
S&I Corporation, a PropTech-based real estate management service provider, has announced that it is the first in South Korea's real estate management industry to secure a 3-star rating in the Global Real Estate Sustainability Benchmark GRESB 2025 evaluation. The company demonstrated global competitiveness by also achieving the top rank within its peer group. The rating reflects S&I's systematic commitment to ESG management since 2022, which includes publishing a Sustainability Report and operating a Work Health and Safety Committee.