Boom in Korean Based Investors

Seoul, South KoreaKOREAN-based investors have emerged as one of the biggest buyers of Australian commercial real estate since the 2008 economic downturn.

In one of the most recent moves, Ikogest Asia, a Luxembourg-based, Korean-backed pension fund, reportedly made an offer to pay about $200 million for the industrial holdings, and part of a float being offloaded by Melbourne-based developer Salta Properties.

Singapore’s GIC is now reportedly investigating that portfolio.

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