European insurance giant Allianz did not have to look too far for the new head of its real estate unit for Asia Pacific, with company representatives informing Mingtiandi on Wednesday that it has hired NPS veteran Scott Kim to replace… Read More>>
CK Asset Sells UBS London Headquarters to Korea’s NPS for $1.6B
Li Ka-shing’s CK Asset has completed the sale of its 5 Broadgate building in London to South Korea’s National Pension Service (NPS) for £1.21 billion ($1.57 billion), marking the UK capital’s biggest property deal in almost five years.
The developer… Read More>>
CK Asset Said Selling London UBS HQ to NPS-LaSalle Vehicle for $1.65B
CK Asset Holdings has found a buyer for its 5 Broadgate complex in London, with Bloomberg reporting on Friday that Korea’s NPS has agreed to buy the office asset, which serves as UBS’s London headquarters, for around £1.25 billion ($1.65… Read More>>
ESR-GIC Venture Buying Melbourne Site for $32M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, ESR’s Aussie logistics venture with GIC acquires a Melbourne industrial project and troubled mainland developer Kaisa Group may be running out of options as creditors give its bond swap offer the cold shoulder…. Read More>>
Tishman Speyer Gets $1.5B US Investment Mandate From Korea’s NPS
US developer Tishman Speyer has teamed up with South Korea’s National Pension Service Investment Management, better known as NPS, to create a $1.5 billion separately managed account focused on investments in real estate innovation and high-demand asset classes in major… Read More>>
Hines and Korea’s NPS Acquire San Francisco Complex for $2.5B Redevelopment
US developer Hines and South Korea’s National Pension Service have set a new bar for their longtime partnership by announcing a $2.5 billion commercial and residential megaproject in downtown San Francisco.
After completing the $800 million acquisition of the Pacific… Read More>>
Asia Real Estate People in the News 2021-08-09
Management continuity at Korea’s largest pension fund leads our list of Asia Pacific personnel moves this week as the NPS has decided to extend the term of its chief investment officer for one more year.
Also included… Read More>>
EHT to Sell Dallas Hotel to Lockwood for $15.5M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, one of Eagle Hospitality Trust’s holdout hotels looks poised to sell at a reduced price, South Korea’s public pension fund reports robust year-to-date growth, and Hong Kong’s retail sales continue to grow, albeit… Read More>>
Korea’s NPS Acquires Melbourne Quarter Tower From Lendlease for $900M
The National Pension Service of South Korea has acquired a 100 percent interest in the 34-storey Melbourne Quarter Tower from Australian developer Lendlease for a reported A$1.2 billion ($900 million).
The largest and last of three office towers in Lendlease’s… Read More>>
Blackstone Wins $500M From Korea’s NPS and More Asia Real Estate Headlines
Blackstone is back in the news today as a story about the US private equity giant winning a $500 million investment from Korea’s National Pension Service leads today’s collection of headlines from around the region.
Also in… Read More>>
