Photo from CLI

CLI’s core-plus private fund acquires logistics property in S.Korea for $112m

The acquisition brings the fund’s FUM to over $1b.

CapitaLand Open End Real Estate Fund (COREF), CapitaLand Investment Limited’s (CLI) flagship regional core-plus fund, has acquired Anseong Seongeun Logistics Centre in South Korea for $112m (US$82.5m).

Anseong Seongeun Logistics Centre is a Grade A logistics company which comprises  two
four-storey buildings with basement floors totalling 60,407 square metres of net leasable area.

The acquisitions will bring COREF’s funds under management to over $1b.

With the Anseong Seongeun Logistics Centre’s addition, CLI’s portfolio in Korea now comprises five logistics assets, four office assets, and four data centres under development.

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