SPI Weekly Korean Market Update(2021.11.8~11.14)

2021. 11. 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.

NPS, Tishman Form Joint Venture Worth USD 1.5 billion The National Pension Service has formed a USD 1.5 billion joint venture (JV) with Tishman Speyer, an American real estate investment company, to secure high-quality assets. The NPS also plans to review investment in the platform created by Tishman Speyer through this JV. In July 2019, Tishman Speyer partnered with Belko Capital to launch a life sciences real estate platform called Breakthrough Properties, and last July also launched their first affordable housing platform. Previously, the NPS was ramping up cooperation with partners that can consistently supply high-quality assets, exemplified by the creation of a USD 1.5 billion JV with Hines in […]

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Korean Market Update

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Byungki Koh

Content Editor, Seoul Property Insight(SPI)

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