KKR-backed Kreate completed the acquisition of Cheongna logistics center.

KKR-backed Kreate, an alternative investment manager, completed the acquisition of Cheongna logistics center. Financial terms were not disclosed. “As distribution networks become more complex and modern logistics play a growing role in supporting Korea’s modern economy, we are delighted to invest in Cheongna Logistics Center, a leading logistics facility with sophisticated capabilities in a strategic location. We look forward to supporting its continued growth by leveraging our global real estate and logistics expertise alongside Kreate’s local capabilities, while further expanding our exposure in the logistics sector and through deepening our collaboration with Kreate,” David Cheong, KKR Head of Acquisitions of Asia Real Estate.