Stabilized Real Estate
Industrial - MB Parts Korea DC
PURCHASE PRICE
$135m
SIZE
352,626 SF
LOCATION
Anseong, Korea
ACQUISITION DATE
Q4 '21

Investment Highlights

  • 353k SF, purpose-built asset that has served as Mercedes-Benz' sole distribution center in South Korea since 2014
  • Asset is strategically-located in a central logistics corridor that provides access to all major areas of South Korea’s central region
  • Leveraged KKR’s Private Equity and Private Credit teams' insights and relationships to confirm the tenant’s commitment to the local market and this asset, credit strength and long-term growth prospects

(1) As of October 31, 2022.