KKR drops $195M on Korean warehouses while Anglo eyes $720M deal
Key Points
- KKR's $195 million warehouse acquisition in South Korea high...
KKR just spent $195 million on a warehouse in South Korea, and suddenly everyone's acting like storage space is the next Bitcoin. The private equity giant snatched up the Logisco Hwaseong facility from Invesco, complete with 1.2 million square feet of space and blue-chip tenants like Samsung Electronics and Coupang. Apparently, when your customers want their kimchi delivered in two hours, prime real estate means everything.
This isn't just another case of rich people buying expensive buildings. South Korea's logistics property transactions jumped 51% last year, proving that in our Amazon-ever...
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