Straits Trading says the sale is part of its strategy of capital recycling and it expects to book net proceeds of around KRW 95.4 billion, or $83.4 million.
The Straits Trading Company, via a real estate joint venture, has sold a logistics facility in Korea for KRW 432 billion, or $377.6 million.
Straits Trading holds an effective interest of 47.3% in the property, the Arenas Yeongjong Logistics Center, at Incheon.
