108 views
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.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!