Market-leading capabilities to drive value and accelerate your success. Experts choose experts.
|
Location (City) |
Asset Type |
Transaction Date |
Size (Sqm) |
Value (USD) |
|
Incheon |
Industrial/Logistics Center | Q1 2021 | 80,673.29 |
$130 million |
Buyer: BNK AMC with a foreign inbound investor
Seller: C&KP
Services provided: Acquisition
The Challenge
BNK AMC faced several challenges identifying a suitable partner and investors for a forward purchase, primarily due to:
- Forward purchase investment deal for a non-stabilised logistics asset with high vacancy level
- Mixed use of dry and cold storage asset (8:2)
The Strategy
To meet the return level and adjust the acquisition price for our client, Colliers was fully engaged with the whole negotiation process to ensure the completion of transaction.
Collaborating closely with the Occupier Services team and with the right investor, the deal was successfully closed within just 3 months and the asset was successfully leased to full occupancy.
The Solution
BNK AMC appointed Colliers, having been convinced by the conviction and expertise of the team in working with foreign inbound investors as well as their investment guidelines and capabilities in Korea. Despite a limited period of marketing, the team was able to successfully connect the acquirer with a major foreign inbound investor in Korea who was looking for such an asset.
The Result
Colliers had successfully closed the deal within 3 months of negotiation and marketing. The result was well beyond the clients’ expectations, as the Colliers team generated the most efficient outcome through a tightly controlled process.
Connect with our Capital Markets and Investment Services experts today to find out how we can accelerate the success of your real estate investment.
View more of our client success stories and expert thought leadership here.
