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Joseph Cha

KIC Sets Up Future Strategy Group, Announces Senior Promotions

2021/08/30 by Pawara Laothamatas Leave a Comment

Korea Investment Corporation (KIC) announced a senior management shuffle this week, accompanied by the establishment of a future strategy group to boost its strategic planning processes.

Among the leadership changes, Joseph Cha was named head of KIC’s real estate group,… Read More>>

Mark Smith - Digital Realty APAC

Digital Realty Spends $66M for Seoul Site to Build 64MW Data Centre

2021/07/31 by Christopher Caillavet Leave a Comment

US data centre REIT Digital Realty continues to expand its Asia Pacific footprint, announcing Thursday that it had acquired a land parcel in Seoul to develop its second project in South Korea.

The world’s largest data centre trust plans to… Read More>>

GIC to Invest $700M in Starbucks Korea and More Asia Real Estate Headlines

2021/07/25 by Michael Cole Leave a Comment

Singapore’s ever-active sovereign wealth fund is back in the news again today as GIC is said to be signing up for a 30 percent slice of Starbucks’ Korea operation, as the American coffee firm exits a joint venture with Shinsegae… Read More>>

Bas Tiemstra of CBRE Global Investors

Korean Pension Fund Adds $235M to CBRE GI-IGIS European Mandate

2021/07/20 by Christopher Caillavet Leave a Comment

South Korea’s Public Officials Benefit Association has confirmed its commitment of an additional €200 million ($235.6 million) to a European investment vehicle managed by CBRE Global Investors and IGIS Asset Management, in a move that adds a third tranche of… Read More>>

Sanghwoi Bae of ESR Kendall Square REIT

ESR Korean REIT Buys Greater Seoul Logistics Hub for $94M

2021/06/12 by Christopher Caillavet Leave a Comment

Not yet six months old, ESR Kendall Square REIT has added its second warehouse in the past week, as Korea’s first publicly listed logistics trust continues to build its portfolio.

The KRX-listed trust announced late Thursday that it had completed… Read More>>

alex jeffrey Savills IM

Samsung Life to Acquire 25% Stake in Savills Investment Management for $90M

2021/05/29 by Christopher Caillavet Leave a Comment

Savills Investment Management is taking its penchant for Korean partners to another level after its parent company agreed to sell a 25 percent stake in the fund manager to Seoul-based insurance giant Samsung Life for £63.75 million ($90.4 million).

The… Read More>>

Millennium Hilton Seoul

CDL Said Exploring $891M Sale of Seoul Hotel and More Asia Real Estate Headlines

2021/05/26 by Michael Cole Leave a Comment

The trials of one of Singapore’s largest developers are leading Mingtiandi’s headline roundup again today as local media in South Korea report that the company is in talks to sell the Millennium Hilton Hotel in Seoul for nearly $900 million.

… Read More>>

Harry Lee of Hines

Hines to Build Multi-Storey Cold Chain Centre in Greater Seoul

2021/05/18 by Christopher Caillavet Leave a Comment

Hines on Tuesday announced the development of Namyang Logistics Center in South Korea, marking the US real estate firm’s second cold storage project in Asia Pacific in the last six months.

The five-storey logistics centre in Hwaseong, a Greater Seoul… Read More>>

Thomas NAM (1)

ESR, CPPIB Add $500M to Korean Logistics JV After REIT Success

2021/04/23 by Christopher Caillavet Leave a Comment

Hong Kong-listed logistics giant ESR and Canadian pension fund manager CPPIB will expand their Korea Income Joint Venture, effectively doubling the size of the vehicle to $1 billion in total equity allocation.

The two partners on Thursday announced plans to… Read More>>

Digital Edge CEO Samuel Lee

Singapore’s Digital Edge Investing $120M in Pair of Korean Data Centres

2021/04/02 by Christopher Caillavet Leave a Comment

Digital Edge is enlarging its regional footprint, with the data centre startup’s first investment in South Korea coming just months after it was established in August last year.

The Singapore-based data centre operator, backed by New York’s Stonepeak Infrastructure Partners,… Read More>>

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