GIC has been actively expanding its investment in commercial real estate in Korea using SMAs (Separately Managed Accounts) for several years. The strategy was to entrust KRW 100 billion to 300 billion in funds to asset management companies with specialized competitiveness in each sector, secure pipelines, and execute investments quickly. In a situation where competition in the domestic commercial real estate market is becoming increasingly fierce, GIC’s strategy was also aimed at securing deal sourcing competitiveness. Using SMAs leverages the expertise of each asset management company in order to gain market leadership, making up for GIC’s limited human resources in Korea. This aggressive strategy has not come without […]