Korea’s NPS, Allianz kick-start $2.3b Asia property fund
The two asset owners are launching what should be the largest closed-end fund in Asia for a diversified portfolio of premium real estate, and are eyeing several assets.
The National Pension Service of Korea (NPS) and German insurer Allianz are combining to launch Asia’s largest closed-end fund for diversified core real estate, and are looking to begin investing it into high quality office, logistics and multi-family assets in Japan, China, Singapore and Australia.
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