Asia Pacific real estate investment news and information
Seoul-based EDN Investment Management has sold a pair of mid-rise office towers in the South Korean capital to BentallGreenOak for KRW 385 billion ($297.3 million) amid volatile financial conditions in the local market.
The firm had acquired the GB I… Read More>>
Singapore’s Keppel Land has teamed with private funds managed by Keppel Capital to buy a Seoul office tower for KRW 220 billion ($170 million), sounding an upbeat note for South Korea’s commercial property market after the country saw investors pull… Read More>>
South Korea’s KB Asset Management has sold a 33-storey office building in Seoul to a REIT controlled by local conglomerate SK Group for KRW 621.5 billion ($431.7 million) after securing debt financing in a challenging borrowing environment.
SK REIT, which… Read More>>
Canada’s QuadReal Property Group and Singapore-based IGIS Asia Investment Management have formed a $1 billion joint venture to develop logistics assets in South Korea, home to IGIS AIM’s parent group.
QuadReal will provide the majority of the JV’s capital, with… Read More>>
Samsung Group continued to demonstrate its appetite for real asset investments this week with two of its financial services units announcing a combined $650 million commitment to funds managed by private equity titan Blackstone.
Samsung Life Insurance and Samsung Fire… Read More>>
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>>
Despite challenges from inflation and power supply constraints, senior leaders from ESR, Nuveen,… Read More>>
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>>
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>>
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>>
