The influence of the Canada Pension Plan Investment Board (CPPIB) on the Korean commercial real estate market is growing. CPPIB began investing in the South Korean commercial real estate market in 2013, starting with the Samsung SDS Tower in Jamsil. After that, investments were made in the Shindorim D-Cube City Department Store and the Gwanghwamun Concordian Building, and a partnership was fostered with ESR Kendall Square to expand investment in logistics centers. It is also the largest shareholder, holding 24.85% of the shares in logistics-specialized ESR Kendall Square REIT. More recently, there has been an increase in new sector investment such as data centers and rental housing. CPPIB […]