Asia real estate and outbound investment news
An investment fund backed by Anbang Insurance’s Korean subsidiary has purchased the Metro Tower in Seoul from real estate fund manager Angelo, Gordon and Company and local partner Vestas Investment Management, according to accounts in the Korean media.
The fund… Read More>>
Singapore’s Ascendas-Singbridge is adding to its office acquisitions in South Korea by picking up a newly completed, mid-rise office building in Seoul’s Gangnam district for S$124.3 million ($91.8 million).
A fund managed by the real estate firm acquired the 15-storey,… Read More>>
With backing from the country’s biggest pension fund, South Korea’s largest real estate fund manager has bought a $635 million prime office property in central Seoul from a fund controlled by Singaporean developer Ascendas-Singbridge, according to an announcement this week… Read More>>
THAAD? What THAAD? As relations between China and South Korea sour due to US missile installations and as capital controls continue to squeeze Chinese buyers, Anbang Insurance is said to be locked into exclusive negotiations to acquire an office building… Read More>>
PGIM Real Estate this week reported that it has completed the acquisition of the T Tower prime office building in Seoul’s central business district.
The real estate investment business of Prudential Financial investment management unit PGIM first announced in November… Read More>>
Canadian investment shop Brookfield Asset Management got one over on Stephen Schwarzman and his Blackstone Group beating out the US-based firm to acquire the International Finance Centre Seoul from AIG Global Real Estate. The bid, which is said to be… Read More>>
Blackstone could be on the verge of acquiring $2.1 billion in Korean real estate assets, if two reported deals come through for the US alternative investment giant.
Already the biggest landlord in the US, Blackstone is said to have been… Read More>>
