Teachers' savings fund to invest $85 mn in Amazon logistics center in US

The Korean Teachers’ Credit Union (KTCU) will invest 100 billion won ($85 million) in a pre-completed logistics center leased to Amazon.com in D...

Mirae Asset named preferred negotiator for 3 Amazon-leased logistics centers in US

Mirae Asset Global Investments Co. has been named the preferred negotiator to acquire three logistics centers in the US leased to American retail gian...

Auto parts maker Mando to co-develop COVID-19 ventilators with NASA

Mando Corp, a South Korean auto parts manufacturer, has been picked by the US National Aeronautics and Space Administration (NASA) as a ventilator co-...

Celltrion to co-develop pill-type autoimmune disease drug with UK startup

Biosimilar maker Celltrion Inc. has agreed to develop a tablet-type treatment for autoimmune diseases jointly with the UK biotech startup Intract Phar...

KB Securities buys Amazon’s Edinburgh logistics center for $86.5 mn: report

KB Securities Co. has reportedly acquired Amazon’s logistics center in Edinburgh, Scotland, for 102.5 billion won ($86.5 million), which the onl...

Tiger Alternative near closing $247 mn Home Depot logistics center deal: report

Tiger Alternative Investors Co. Ltd. is in the final stages of negotiations to acquire a new distribution center in Texas for $247 million, now leased...

Hyundai Motor, LG to unveil jointly developed future car interior concept next month

Hyundai Motor Co. and LG Electronics Inc. have jointly developed the interior concept of a future car, further consolidating their cooperation in self...

Korean logistics centers see high demand from untact businesses amid global pandemic

Logistics center operations in Korea have remained strong amid the global pandemic on account of e-commerce and third-party logistics' ...

Shinsegae International acquires a 100% stake in high-end cosmetics brand Swiss Perfection

 Korean fashion and beauty business Shinsegae International Co., Ltd has acquired a 100% stake in Swiss Perfection, a high-end cosmetics brand ba...

Hyundai, Hankook Tire may rebuild relations with new test-driving center

Hyundai Motor Group has reached a tentative agreement to build the country’s biggest test-driving center at a new tire testing facility of Hanko...

Korean developer puts on hold $2.1 bn Asiana Airlines deal with no timeline

HDC Hyundai Development Co. has postponed its 2.5 trillion won ($2.1 billion) acquisition of Asiana Airlines Inc. with no clear timeline for the deal ...

POBA to commit $120 mn to US housing development fund

The Public Officials Benefit Association (POBA) will commit $120 million to a US single-family housing development fund worth about 750 billion won ($...

Shinhan backs AMP Capital’s $763 mn US data center acquisition

Shinhan Investment Corp. has provided 194.1 billion won ($162 million) in financing for AMP Capital’s 911 billion-won ($763 million) acquisition...

Samsung Sec buys Amazon logistics center in Czech for $160 mn: report

Samsung Securities Co. Ltd. has bought Amazon’s only logistics center in Czech Republic for 186 billion won ($160 million), in its fourth acquis...

Credit Suisse-led fund buys Korean logistics centers for $104 mn

A fund led by Credit Suisse Asset Management’s real estate investment arm has acquired two logistics centers in South Korea for 120 billion won ($104 ...

Mirae Asset underwrites $375 mn loan on Times Square development

Mirae Asset Daewoo Co. Ltd. has extended a $375 million loan for the Times Square redevelopment in New York City, or one third of the $1.13 billion se...

Invesco to build $186 mn modern logistics center in Korea

Invesco will put 208 billion won ($186 million) into a modern logistics center development near Seoul, betting on the fast-growing online delivery mar...

Mirae Asset buys Amazon-leased US distribution center for $78 mn

Mirae Asset Daewoo Co. Ltd. has closed a $78 million acquisition of an Amazon-occupied new distribution center near Atlanta, funded partly by a senior...

[Interview] Ares Management picks commercial mortgage, 2nd-tier US cities

Senior commercial real estate debts and select second-tier cities are likely to offer greater investment opportunities to global investors still keen ...

Hanwha insurance arms net $75 mn from City of London property sale

Two insurance units of South Korea’s Hanwha Group have earned about £57.4 million ($75 million) in capital gains from its £159.2 million investment in...

Korea Investment seals $266 mn City of London property deal

Korea Investment & Securities Co. Ltd. has acquired a 15-story office building in the City of London for £200.5 million ($266 million), taking adv...

Mirae Asset close to buying Carrefour-leased new logistics center in Poland

Mirae Asset Global Investments Co. Ltd., a leading South Korean asset manager, is close to acquiring a new logistics center in Poland for an estimated...

LaSalle develops its first logistics facility in Korea; sees more land purchases

LaSalle Investment Management has built a four-story logistics warehouse near Seoul, its first development of a storage facility in South Korea, and...

Malaysia pension fund buys Korean logistics center for $70 mn: report

Malaysia’s Employees Provident Fund (EPF) has closed the acquisition of a logistics center near Seoul for around 75 billion won ($67 million) in its f...

Blackstone, Kuwait fund among bidders for NPS’ Sony Center in Berlin: report

Blackstone, Kuwait Investment Authority (KIA) and three property investment firms are vying for Sony Center in Berlin which South Korea’s National Pen...

CCIM to Hold International Conference Jointly with KED Real Estate Research Institutes

The Certified Commercial Investment Member, an American association of international real estate investment analysts, will jointly host the Asia Real ...

Korean brokerage firms buy two UK logistics centers for $240 mn

Two South Korean brokerage firms – KB Securities Co. Ltd. and Kiwoom Securities Co. Ltd. – have teamed up to buy a logistics center for 167 billion wo...

Blackstone may inject $200 mn into Korea fund for 6~7 logistics center purchase

The Blackstone Group L.P. is understood to commit about $200 million to a South Korean fund to finance its 70 billion won ($59 million) acquisition of...

Korean funds to invest $295 mn in Asian warehouse developer e-Shang: report

South Korean institutional investors will buy about 350 billion won ($295 million) worth of senior loans secured by distribution centers of Warburg Pi...

Korean VC firms invest in UK drug developer, first after Brexit

Celleron Therapeutics Ltd., a cancer treatment developer founded by Oxford University professors, is poised to attract $26 million from South Korean a...