NPS to empower overseas offices to speed up cross-border deals

The National Pension Service (NPS) has announced a plan to give its foreign offices more authority so that they can propose investment ideas directly ...

Samsung’s property fund reaps $84 mn profit from sale of London office building

A real estate fund of South Korea’s Samsung SRA Asset Management Co. Ltd. has secured 100 billion won ($84 million) in capital gains from the sale of ...

Korea Teachers’ Pension to invest $75 mn in buying Australia’s office building

South Korea’s Teachers’ Pension will acquire an office building in Brisbane, Australia which the Brisbane city government has signed a con...

Korean brokerages to unveil public funds for US, Europe property deals

South Korean brokerage firms, on the buying spree of US and European real estate, will roll out public real estate funds in the coming months to sell ...

Hyundai Marine to be anchor investor of Allianz’s new Berlin office tower: report

South Korea’s Hyundai Marine & Fire Insurance Co. Ltd. will commit around 60 billion won and 70 billion won ($50~58 million) to a domestic real es...

Korea’s JB Asset to buy Comcast’s new office building in Denver for $72 mn

JB Asset Management Co. Ltd., a unit of a South Korean provincial bank, has been named as a preferred buyer of a new office building in Denver which C...

Korean insurers to acquire L’Oréal’s office building near Paris for $500 mn

South Korea’s Vestas Investment Management Co. Ltd. was selected as a preferred buyer of an office building of L’Oréal near Paris late last month, and...

Korea public officials’ fund sees 3-4 Europe property buys after $101 mn German deal

The Public Officials Benefit Association (POBA) has signed a final agreement to acquire a 10-story office building in the southern part of Hamburg, Ge...

Korean asset firm underwrites $61.5 mn mezzanine loan of LA office building

A South Korean handbag maker’s fund management unit has invested $61.5 million in mezzanine debt of a prime office building in Los Angeles, jointly wi...

US Prudential unit to buy Seoul office building for $157 mn amid vacancy concerns

PGIM Inc. a unit of U.S. Prudential Financial Inc., will acquire an office building in central Seoul for 184 billion won ($157 million) from a South K...

[ASK 2016 SUMMIT] NPS slows offshore property purchase; calls for customized proposal from GPs

The global alternative investment head of the National Pension Service (NPS), Sang-Hyun Yoo, cautioned about the heightened competition and price spik...

Korea Post put 1 trillion won into offshore property in past 3 yrs

Korea Post has invested a total of 998.6 billion won ($888 million) in overseas commercial buildings since 2013, the vast majority of which involved e...

Korea savings fund to buy $51 mn equity in property funds: report

South Korea’s Construction Workers Mutual Aid Association (CWMA) will acquire 57 billion won ($51 million) worth of equity stakes in two domestic fund...

Korea public officials’ fund to be anchor LP of PAG-led property debt fund

Asia-based alternative investment firm Pacific Alliance Group (PAG) is teaming up with a South Korean brokerage company to launch about a 200 billion ...

NPS, KIC global alternative heads to discuss property, infrastructure outlook in Oct 20 summit

Keymen of major South Korean institutional investors, including the National Pension Service (NPS), Korea Investment Corporation (KIC) and Korea Post,...

Mirae Asset’s $270 mn property fund for State Farm complex fully subscribed

Mirae Asset Global Investments Co. Ltd. has raised the planned 300 billion won ($270 million) in a public property fund in 10 days after it was launch...

Apollo secures $72 mn from Korean funds for German property refinancing

Apollo Global Management has attracted 80 billion won ($72 million) from a couple of South Korean pension funds to refinance part of bank loans it had...

Samsung’s investment firm to set up $270 mn US property mezzanine fund

A property investment arm of the Samsung Group will raise 300 billion won ($270 million) from South Korean insurance companies and pension funds in a ...

US rate hike talk alters Korean fund’s US property investment strategy

The Public Officials Benefit Association (POBA) has decided to withdraw $70 million from a U.S. real estate fund that makes bets on property price ris...

Brookfield may raise $90 mn from Korea for property mezzanine fund

A real estate mezzanine fund of Brookfield Asset Management, for which the private investment firm is aiming to raise $2 billion globally, is expected...

Korea Post set to buy Natixis office building in Paris for $206 mn

Korea Post’s savings arm has been chosen as the preferred buyer of the headquarters building of France’s Natixis in Paris, in a deal worth 230 billion...

Blackstone’s property loan fund raises $900 mn in Korea, beating funding target

Blackstone, the world’s largest real estate investment firm, has attracted 1 trillion won ($900 million) from South Korean institutional investors for...

Samsung consortium to buy Commerzbank head office in Frankfurt

Samsung Securities and Samsung SRA Asset Management will acquire Commerzbank Tower, the headquarters of Commerzbank and the landmark of Frankfurt, at ...

Cerberus’ new Europe property fund may attract over $370 mn from Korean investors

National Pension Service (NPS), Korea Investment Corporation (KIC) and a South Korean insurer are considering putting a combined $370 million into a r...

NPS seeks higher pay raise for in-house fund managers ahead of office relocation

The National Pension Service (NPS) is pushing forward a plan to raise the basic pay for in-house fund management staff by about 9% on average in 2016,...

Korea firms hold off UK property deals; demand seen reviving after price drops – reports

Three to four South Korean institutions, including asset management firm Hyundai Investments, have put on hold a planned joint purchase of an office b...

China Minsheng Investment to invest in SK Planet

China Minsheng Investment Group, China's largest private-sector investment firm, is mulling an investment of 1.3 trillion won (US$1.13 billion) in Kor...

[Editor's Note] Moves: KIC greets new CIO; NPS lets three senior managers go, ahead of office relocation

Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund managing $96 billion foreign exchange reserves, has recently named Kang Shin-w...

Mirae Asset-led funds on buying spree of overseas property, including Amazon HQ building in Seattle

A consortium of South Korean institutional investors, led by Mirae Asset Global Investments, has recently closed a deal worth about $245 million to bu...

Blackstone picked as preferred buyer of S.Korea’s $400 mln office building – report

Blackstone has been chosen as the preferred bidder of a prime office building in downtown Seoul, in a deal estimated to fetch 460 billion~480 billion ...