The moves of the National Pension Service (NPS), a major player in the capital market, has a significant impact on the domestic commercial real estate market. The market has been suffering from a lack of liquidity due to high interest rates, so there was much anticipation when the NPS resumed its selection of domestic real estate blind fund managers for the first time in six years last year. The NPS announced its ‘2024 National Pension Fund Domestic Real Estate Investment Management Company Selection Plan’ in August last year, revealing plans to select managers for loan and core funds. This set off a competition, nicknamed the ‘beauty pageant’, to […]