NPS in $2 bn real estate development project in Seoul
A-young Yoon
Aug 26, 2021 (Gmt+09:00)
The National Pension Service (NPS) has agreed to participate in a 2.6 trillion won ($2.2 billion) real estate development project in western Seoul, in what would be its largest-ever investment in the domestic property market.
The South Korean pension scheme will finance the vast majority of the project to build an office and commercial complex with a gross floor area of 463,180 square meters in Magok-dong, according to investment banking sources on Aug. 26.Forgot your Email or Password? Reset Password
Not a member yet? Join KED Global