Co-living Platform, Mangrove, Exhausts Blind Fund, Looks Forward to Future

2022. 07. 22 · Byungki Koh

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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

In 2020, IGIS Asset Management and MGRV created a KRW 250 billion co-living blind fund. This is the first time in Korea that a real estate asset manager and a co-living manager have partnered to establish a blind fund. Even if it’s just temporary, it is a new era for commercial real estate companies to be investing in co-living products. However, MGRV and IGIS understand the co-living market as having great potential. MGRV was able to gain an advantageous position for future business expansion by partnering with Korea’s largest real estate asset management company. As IGIS needed MGRV’s expertise, it was always going to be a win-win. However, at that […]

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Byungki Koh

Content Editor, Seoul Property Insight(SPI)

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