KKR sells logistics facility to Pebblestone Pebblestone will acquire BLK Pyeongtaek Logistics Center from a KKR-led consortium
Translated by Kim So-in 공개 2020-02-06 08:00:00
이 기사는 2020년 02월 06일 08:00 thebell 에 표출된 기사입니다.
Global investment firm Kohlberg Kravis Roberts (KKR) announced that Korean real estate asset manager Pebblestone Asset Management will acquire BLK Pyeongtaek Logistics Center from a KKR-led consortium.BLK Pyeongtaek Logistics Center is a newly developed multi-tenant modern logistics facility located in Pyeongtaek Port, one of the largest ports in South Korea. The facility, which was completed by the consortium in early 2019, has a gross floor area of approximately 140 thousand square meters, making BLK Pyeongtaek Logistics Center one of the largest modern logistics assets in Pyeongtaek City as well as in the southern Gyeonggi province. Its tenants include a major e-commerce retailer and various third-party logistics companies. KKR made its investment from its Asian Fund 2.
John Pattar, Partner and Head of Asia Pacific Real Estate at KKR, said, “The rapid growth of e-commerce is transforming South Korea’s logistics sector, creating a growing demand for fully-integrated and technology-enabled warehousing facilities that can support greater volumes and faster delivery. We are proud of our work alongside our partners to complete the BLK Pyeongtaek Logistics Center, one of the country’s newest modern logistics facilities.”
“BLK Pyeongtaek Logistics Center is a one-of-a kind facility strategically located in a fast-growing coastal city with easy access to major transportation routes. The center’s design features, including its cutting-edge cold and dry warehousing facilities, also make it a compelling option for companies across many industries. We look forward to supporting all of BLK Pyeongtaek Logistics’ existing and future tenants as they bring their unique products and goods to the Korean market. This is an excellent win-win transaction for both parties of KKR’s successful sale and stable income for the buyer,” said Terry Hwang, CEO and Managing Partner of Pebblestone Asset Management Korea.
KKR takes a flexible approach to real estate investment in Asia Pacific across traditional value-add real estate opportunities, corporate and platform investments, and special situations. KKR pairs the capabilities of its local teams in Asia Pacific with the firm's industry and operational expertise to add value. KKR has committed more than 14 billion dollars of equity in its pan-regional real estate strategy, as of December 31, 2019.
The firm recently started to raise 12.5 billion dollars for its KKR Asian Fund 4 and it reportedly formed a fund worth 200 million dollars with South Korea’s Shinhan Financial Group.
(By reporter Kim Byung-yoon)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- [ETF 위클리]"K뷰티 르네상스" 호실적에 화장품 테마 '강세'
- [Market Watch]'순풍 부는' 코스피 IPO, 올해는 '풍작' 예상
- [IB 풍향계]메자닌에 '뭉칫돈'…시세 차익에 물량부족까지
- [Policy Radar]원화 커버드본드 발행 공백, '당근책' 나올까
- [Korean Paper]KB국민은행, 외국계 IB 선호하나
- [IB 풍향계]빅딜 확보 미래·NH, IPO 경쟁력 '입증'
- [IPO 모니터]'신작 흥행' 시프트업, 피어그룹도 '해외 중심'
- [Rating Watch]아웃룩 '줄하향' 저축은행, 투기등급 쏟아지나
- '이미지' 확 바꾼 포바이포, 새로운 CI 공개
- '만년 적자' 삼성헤지운용, 흡수합병 시나리오 '솔솔'