Why the NPS Chose SK D&D

2022. 02. 15 · 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.

The National Pension Service (NPS) has decided to partner with SK D&D, a real estate development company. NPS and SK D&D announced on the 8th that they had signed a joint investment agreement worth KRW 260 billion. DDI Investment, an SK D&D subsidiary, joined the NPS for KRW 2 billion and KRW 198 billion investments to establish a JV REIT worth KRW 200 billion. SK D&D then invested KRW 60 billion to come onboard as an additional joint investor. The NPS must invest at least 50% per investment case under the agreed conditions. In some cases, they may split investment at a ratio of 51 to 49, or at a […]

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Byungki Koh

Content Editor, Seoul Property Insight(SPI)

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