Singapore-listed Datapulse Technology has announced that it has agreed to purchase the 127-room Hotel Aropa in Seoul for KRW 35 billion ($31 million), becoming the second Singaporean firm within the past month to acquire a Korean hotel, despite fears of… Read More>>
Ascendas Hospitality Trust Buys Second Seoul Hotel for $69M
Ascendas Hospitality Trust continues to expand its presence in Seoul as the manager of the Singapore-listed trust has agreed to purchase its second hotel in the South Korean capital in less than seven months.
The trust, which already owns a… Read More>>
CPPIB Invests in $500M ESR South Korea Logistics Fund
The Canada Pension Plan Investment Board (CPPIB) announced this week that it is investing in a new $500 million investment fund targeting South Korean logistics assets in cooperation with ESR and its Korean subsidiary, Kendall Square Asset Management.
The deal… Read More>>
Goldman Said to Pick Korea’s NPS as Preferred Buyer for £1.5B London HQ
Goldman Sachs is said to have picked Korea’s National Pension Service (NPS) as the preferred buyer of its soon-to-be-completed European headquarters in London, according to a report in the Korean press, with the UK office building expected to change hands… Read More>>
Korea’s NPS Awards $550M in Real Estate Mandates and More Asia Real Estate Headlines
Some good news for owners of large scale real estate assets leads today’s headlines in Asia, as one of the region’s biggest pension fund managers is directing $550 million in fresh cash toward the property sector. Singapore also makes it… Read More>>
Blackstone, Mapletree Said Bidding on $730M Seoul Office Tower
While the words Korea and Singapore have dominated the news headlines this week, some of the world’s biggest real estate investors are focusing their gaze on the suddenly less exciting South Korea, where chances of a meaningful sale and purchase… Read More>>
Why South Korea is Set for a Logistics Boom Sponsored Feature
International investors are turning their attention to South Korean logistics as the country’s significant e-commerce market ushers in a new generation of real estate.
At 18 percent, South Korea’s ecommerce penetration rate – the percentage of sales made online compared… Read More>>
CPPIB, GIC Team Up to Buy Seoul Office Tower for $380M
The Canada Pension Plan Investment Board (CPPIB) has teamed up with Singaporean sovereign wealth fund GIC to buy a landmark office tower in Seoul for 418 billion won ($380 million). The global investment giants will each take a 50 percent… Read More>>
M&G Said Close to Buying $1B Seoul Complex After KKR Drops Out
M&G Real Estate is poised to scoop up South Korea’s most expensive single property, as the arm of British insurer Prudential Plc will reportedly soon strike a deal to buy a new twin tower office complex in downtown Seoul for… Read More>>
Ascendas Hospitality Trust Ventures into Korea with $68M Seoul Hotel Deal
Singapore-listed Ascendas Hospitality Trust has made its first foray into South Korea with a 73 billion won ($68.3 million) deal for a 215-room hotel in Seoul.
The trust, which already owns a portfolio of 11 hotels with over 4,000 rooms… Read More>>
