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>>
A fund managed by Singapore’s ARA Asset Management has agreed to purchase the iconic Seoul Square building from KR1 CR REIT, a locally-listed trust whose largest shareholder is a division of Singapore’s Keppel Capital.
The deal, which is said by… Read More>>
Deutsche Bank’s asset management arm has bought a recently completed logistics warehouse in Icheon City, south of Seoul for 61.2 billion won ($57.4 million), as global real estate investors pile into Korea’s modernising logistics sector.
DWS (formerly Deutsche Asset Management)… Read More>>