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Hines Makes First Office Investment in Korea

2022. 06. 17 · 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.

American real estate developer and asset manager Hines set up its first real estate investment team in Korea last year. In January 2021, Hines hired Lee Hyung-seop, who was previously in charge of investment, to establish an investment organization for full-scale investment. The first investment was in a logistics center. Hines made its first investment in the Korean commercial real estate market via a logistics center development project located in Hwaseong, Gyeonggi-do together in another partnership with Pebblestone in April 2021. It is a refrigerated and room temperature logistics center with a total floor area of 43,294㎡. In late 2021, two pre-purchases of logistics centers were added to the list […]

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