HDC-Mirae Asset consortium takes majority in Asiana Airlines for $2.2 bn

A consortium of Hyundai Development Company (HDC) and Mirae Asset Daewoo Co. Ltd. has agreed to take a 76.5% stake in Asiana Airlines Inc. for 2.5 tri...

NPS creates three sr. manager positions to curtail CIO duties

The National Pension Service (NPS) has created three senior manager positions for strategy, risk management and back office just under chief investmen...

Europe’s residential assets seen as attractive play: Patrizia

Residential properties remain a small portion of institutional investors’ portfolios but they are becoming an attractive asset class for income-...

Mirae Asset Daewoo buys three Boeing 777 planes for $450 mn

Mirae Asset Daewoo Co. Ltd. has sealed a $450 million financing deal to buy three Boeing 777-300ER aircraft leased by China Airlines, as the South Kor...

Mirae Asset consortium likely to clinch $2.1 bn Asiana Airlines deal

A consortium of Mirae Asset Daewoo Co. Ltd. and Hyundai Development Company (HDC) is set to be announced as a preferred buyer of a controlling stake...

Mirae Asset to offer $425 mn in equity, debt funding for US desalination plant

Mirae Asset Global Investments Co. Ltd. will provide $425 million in equity and debt financing for the acquisition of a desalination plant in San Dieg...

Korean rating agency warns of fast alternative asset growth, resale risk

The pace of growth in overseas alternative investments by South Korean securities companies has been “too rapid” over the past 18 months and brought t...

Mirae Asset teams up with builder for $1.2 bn Asiana Airlines deal

Mirae Asset Daewoo Co. Ltd. has attracted Hyundai Development Company (HDC) as a strategic partner to bid for a controlling stake in debt-ridden A...

Mirae Asset in exclusive talks to buy Anbang’s US hotels

Mirae Asset Financial Group has entered into exclusive negotiations to acquire a portfolio of 15 US luxury hotels owned by Anbang Insurance Group, val...

Kiwoom Asset sets up $56 mn retail funds to buy Amsterdam office

Kiwoom Asset Management Co. Ltd. plans to raise 50.7 million euros ($56.2 million) from individual investors in South Korea in August to buy an of...

Blackstone, Principal Asset win Korea Post’s $150 mn mandates

Korea Post has awarded two real estate debt investment mandates worth $150 million to the Blackstone Group and Principal Asset Management, its savings...

Mirae Asset, NH Investment lend $182 mn on LA hotel, condos

Mirae Asset Daewoo Co. Ltd. and NH Investment & Securities Co. Ltd. have provided $182 million loans on a luxury hotel and condominium development...

Mirae Asset, NH Investment join $134 mn Slovakia office deal

Mirae Asset Daewoo Co. Ltd. and NH Investment & Securities Co. Ltd. have participated in a 120-million-euro ($134 million) acquisition of an Amazo...

Mirae Asset to earn over 25% IRR from German property investment

Mirae Asset Global Investments Co. Ltd. has agreed to sell an office building in Frankfurt for 400 million euro ($448 million) which will translate in...

Mirae Asset to exit from German building in two years for strong gain

Mirae Asset Global Investments Co. Ltd. is set to exit from an office building in Frankfurt with handsome gains, just two years after acquiring the 17...

[ASK 2019 SUMMIT] KIC to boost alternatives with co-ops' assets

Korea Investment Corporation (KIC) will raise the proportion of alternative investments with further diversified portfolios, while seeking to manage p...

GEPS picks insurance asset management veteran as CIO

The Government Employees Pension Service (GEPS) has picked Won-joo Seo, a former chief investment officer of PCA Life Insurance Co. Ltd. (currently, M...

Daishin Asset unveils $68 mn public fund for Tokyo office purchase

Daishin Asset Management Co. Ltd. has launched a public fund to raise up to 80 billion won ($68 million) to fund its $180 million purchase of a Tokyo ...

Hana resells $50 mn equity in Paris office; to lend on France asset

Hana Financial Investment Co. Ltd. has recently completed the resale of its 58 billion-won ($50 million) equity investment in a Paris office building ...

Mirae Asset plans $500 mn bond issue; invests in HK office debt

Mirae Asset Daewoo Co. Ltd. plans to raise more than $500 million in a global bond issuance early next month to fund its global investments, after ann...

[RFP] Korea Post seeks direct lending debt managers for $200 mn mandate

Korea Post’s insurance unit plans to select two global private debt managers to invest $200 million in direct loans, it announced on April 15. Qualif...

Mirae Asset-Amundi group may buy France skyscraper for almost $1 bn

A consortium of Mirae Asset Daewoo Co. Ltd. and French asset manager Amundi was picked as the preferred buyer for Tour Majunga, a landmark building in...

Hyundai Asset seeks retail funding for $76 mn Scotland property deal

Hyundai Asset Management Co. Ltd. has rolled out its first public real estate fund to close the 58.2-million-pound ($76 million) acquisition of a Scot...

Mirae Asset to underwrite $300 mn debt on US shale oil project

Mirae Asset Daewoo Co. Ltd., the brokerage arm of a leading South Korean asset manager, will underwrite a $300 million debt on a US shale oil pipeline...

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...

POBA seeks Europe PDF managers for $136 mn mandates

The Public Officials Benefit Association (POBA) will select three European middle-market private debt funds to commit about 120 million euros ($136 mi...

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...

NPS’ risk management head to spearhead investment strategy

The National Pension Service (NPS) appointed risk management center head Seong-Tae Park as new head of investment strategy on Dec. 8, a week...

Midas Asset invests $100 mn in US hotel portfolio-backed debt

Midas Asset Management, a small-sized South Korean fund manager, has invested $100 million in a mezzanine debt secured on 53 hotels across the United ...

[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 ...