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...

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...

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...

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 ...

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,...

[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...

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 ...

[Interview] Korea firemen’s fund eyes overseas structured bonds, office buildings in advanced markets

Korea Fire Officials Credit Union, managing $520 million in assets, will boost its exposure to structured bonds and alternative assets in developed ma...

Korea Post bought 47% stake in Amazon office building in NY for about $250 mln

Korea Post acquired a stake worth about $250 million of the office building in New York leased by online retailer Amazon, and expects the transaction...