Asia real estate and outbound investment news
Private equity giant KKR is set to enlarge its footprint in South Korea’s real estate market, teaming up with longtime local partner IGIS Asset Management to acquire Shinhan Investment Corporation’s Seoul headquarters for KRW 639.5 billion ($487 million).
Shinhan Investment… Read More>>
Having grown its portfolio by 50 percent since its $650 million IPO last December, ESR Kendall Square REIT, South Korea’s first publicly listed logistics trust, has sold 100 percent of a $400 million follow-on equity offering.
The fresh capital raise… Read More>>
Not yet six months old, ESR Kendall Square REIT has added its second warehouse in the past week, as Korea’s first publicly listed logistics trust continues to build its portfolio.
The KRX-listed trust announced late Thursday that it had completed… Read More>>
ARA Asset Management has completed Seoul’s biggest building buy this year, picking up a newly completed office tower in a deal valued at KRW 1 trillion ($897 million) according to a statement on Tuesday.
The Singapore-based investment manager has purchased… Read More>>
Nuveen Real Estate continued its focus on northern Asia this week as the Chicago-based fund manager announced the $122 million (KRW 145 billion) acquisition of a last-mile logistics facility near Seoul.
The purchase of the 84,300 square metre ( 907,397… Read More>>
ESR has closed on a $1 billion joint venture with longstanding partners Canada Pension Plan Investment Board (CPPIB) and Dutch pension manager APG Asset Management to develop industrial real estate projects in South Korea, as the Hong Kong-listed logistics developer… Read More>>
A consortium comprising Hong Kong’s Phoenix Property Investors, UK-based fund manager Actis and South Korean developer SK D&D has sold a two-tower office complex in southwestern Seoul for KRW 545.8 billion ($449.2 million).
The tri-national team offloaded the Young City… Read More>>
M&G Real Estate, the real estate fund management arm of M&G Investments, has acquired a logistics facility near Seoul on behalf of its core Asia property investment vehicle for $131 million (KRW 155.5 billion), according to an announcement by the… Read More>>
A unit of Korea’s Mirae Asset Financial Group has agreed to purchase the State Tower Namsan in Seoul for KRW 588.6 billion ($507 million), according to a statement last week from a brokerage representing the seller of the 24-storey office… Read More>>
Korean investors continue to raise their profile in cross-border real estate investment as JR AMC has purchased an office building in France from Tishman Speyer for KRW 220 billion ($194 million) according to reports in the Korean press.
The Seoul-based… Read More>>
