This article was displayed on the MoneyMove (MM) site of ChosunBiz at 11:11 a.m. on Jul. 16, 2026.
Koramco REITs Management and Trust was selected as the preferred bidder in the sale of "Arenas Yangji," regarded as the biggest domestic logistics center deal.
According to the investment banking (IB) industry on the 16th, the seller of Arenas Yangji selected Koramco REITs Management and Trust as the preferred bidder that day. KKR and Create Asset Management were chosen as the next-highest negotiation candidate. JLL Korea and Savills Korea are serving as joint sell-side advisors.
The asset for sale is an extra-large ambient-temperature logistics center with a total floor area of about 345,000㎡ located in Yangji-myeon, Cheoin-gu, Yongin, Gyeonggi Province. CJ Logistics currently leases the entire facility under a master lease, and it is regarded as a core logistics asset with stable rental income.
Six firms, including KKR and Create Asset Management, ADF Asset Management, IGIS Asset Management, Koramco REITs Management and Trust, Capstone Asset Management, and Korea Investment Real Asset Management, competed in this sale process. The industry sees Koramco REITs Management and Trust as having received high marks for price competitiveness and its funding plan.
Arenas Yangji is considered one of the biggest transactions in Korea's logistics center market this year. The market expects the price to be in the 600 billion to 700 billion won range.
The seller and Koramco REITs Management and Trust plan to proceed with final negotiations on price and transaction terms and push to sign a stock purchase agreement (SPA). As this is a representative core asset in Korea's logistics center market, the industry expects that, if the transaction closes, it will be recorded as a marquee deal in the commercial real estate market in the second half.