South Korea: Seoul offices and housing, and the funds and institutions active in the market.
ESR Kendall Square has sold Pyeongtaek Logistics Park to a Samsung SRA Asset Management vehicle backed by South Korea’s National Pension Service for KRW 343 billion ($252.6 million), placing one of the country’s largest sheds under domestic institutional ownership. The sale closed on 1 September at the equivalent of KRW 1.8 million per square metre of gross floor area. The 2023-vintage facility in Pyeongtaek, an hour’s drive south of Seoul, was developed by ESR’s Korean platform with capital from foreign pension giants CPPIB and APG.
Korea Post has selected Capstone Asset Management and IGIS Asset Management as preferred bidders for a KRW 500 billion ($368 million) domestic real estate loan strategy. The mandate marks the state-run postal agency's first domestic property debt programme since 2023, permitting development lending
Eight commercial tenants at The Animal Lodge in Sungei Tengah will lose their leases when they expire in December 2026 after failing to meet minimum requirements in a tender exercise. Seven are dog breeders and one operates a pet boarding facility. The remaining 27 tenants will be allowed to stay un
Tishman Speyer has made its first acquisition under its Korea Living Venture (KLV), buying the 411-unit Songdo CoStay in Incheon. The US developer is deploying S$300 million in equity commitments from Dutch pension investors APG and Bouwinvest into South Korea's rental housing sector.
Gaw Capital Partners and Petraville Asset Management have acquired City Center Tower in Seoul’s Jung district for KRW 292.7 billion ($211 million). South Korea’s National Pension Service backed the acquisition, which closed on 30 July 2026.