Korea Investment buys US office buildings of eBay and GSK for $260 mn
Jun 03, 2018 (Gmt+09:00)
Korea Investment & Securities Co. Ltd. has bought a Silicon Valley campus of eBay Inc. for 140 billion won ($130 million), shortly after closing the $130.5 million acquisition of GSK’s Philadelphia headquarters building in early May.
The brokerage unit of Korea Investment Holdings Co. Ltd. will raise funds from domestic investors to finance the deals which are expected to generate 7-8% returns on average, according to recent media reports.
Sources with knowledge of the matters confirmed the reports on June 1.
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