Mirae Asset Global Investments’ $3 billion purchase of the International Finance Center Seoul has fallen apart, with the Korean asset manager now pursuing arbitration against Brookfield Asset Management, the owner of the commercial complex, in an attempt to retrieve a… Read More>>
ESR to Equip Korean E-Commerce Warehouse as Hydrogen-Powered Facility
Industrial specialist ESR has entered into a preliminary deal to convert one of the group’s South Korean logistics properties into what’s billed as the nation’s first hydrogen-powered fulfilment centre.
ESR’s Korean unit, Kendall Square Asset Management, signed a memorandum of… Read More>>
ESR Developing 48MW Data Centre Near Seoul With Stack Infrastructure
Real asset manager ESR has formed a joint venture with US hyperscaler Stack Infrastructure to build a 48-megawatt data centre in Seoul’s western suburbs, marking the Hong Kong-listed group’s first greenfield server-hosting project in South Korea.
ESR and Stack will… Read More>>
Logos, Manulife Launch Korea Core JV With $200M Seoul Logistics Centre
Industrial developer and fund manager Logos has set up its second partnership with Canadian finance giant Manulife, establishing a Korean core joint venture seeded with the $200 million forward purchase of a warehouse project near Seoul.
Upon completion in early… Read More>>
Singapore Data Centre Operator to Enter Seoul Market with $400M Project
Singapore-based hyperscale specialist Empyrion DC plans to invest up to $400 million developing a green 40-megawatt data centre in Seoul’s Gangnam district, as it joins the growing squad of foreign firms crowding into South Korea’s digital infrastructure market.
The subsidiary… Read More>>
KKR, IGIS Buying Shinhan Investment’s Seoul Headquarters for $487M
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>>
ESR Boosting Korea Development JV With APG, CPPIB to Potential $2B
Logistics giant ESR is beefing up its second Korean development joint venture with APG and the Canada Pension Plan Investment Board, with plans to increase the vehicle’s total equity investment capacity to as much as $2 billion.
Known as ESR-KS… Read More>>
Korean Commercial Property Investment Set to Ease After Record $42B in 2021
After soaring to a record KRW 54 trillion ($42 billion) in 2021, investment in South Korea’s commercial property market is expected to decrease this year on concerns about rising interest rates, according to Colliers research.
Prime office investment in Seoul… Read More>>
Singapore’s ST Telemedia Data Centres Takes on 2nd Korea Project With 30MW Facility
Temasek Holdings-backed ST Telemedia Global Data Centres has teamed up with Samsung Group’s property investment arm and an unnamed institutional investor to develop a 30 megawatt data centre in Seoul, marking its second facility in South Korea’s fast-growing digital infrastructure… Read More>>
Blackstone Hires Korea Real Estate Lead in Expansion of Seoul Operation
Blackstone has hired Angelo Gordon veteran Chris Kim to lead the private equity giant’s newly created real estate team in South Korea, part of an expansion in the country that includes the opening of a new office in Seoul’s Gwanghwamun… Read More>>
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