The acquisition targets include three logistics assets, including Incheon Mega Fulfillment Center (FC), Bukcheonan FC, and Namdaejeon FC.
The sale price is expected to total 971 billion won. Alpha CLC REITs Management has already begun raising funds worth a total of 1.058 trillion won, subject to approval from the Ministry of Land, Infrastructure and Transport.
It plans to raise equity investments worth 430 billion won from domestic pension funds and mutual aid associations, and also pursue secured loans worth about 604 billion won.
They say that the acquisition target is a joint venture between Coupang and Alpha Asset Management.
It is said that after selling domestic fulfillment, there appears to be inventory available to run overseas.
After selling it, it looks like they are not going to operate it themselves, but rather rent it out and use the money they borrowed to invest overseas.