Korean funds offer rescue financing for global offices

Quick Summary:

Meritz Alternative Investment Management Co., specializing in overseas real estate investments, launched a 300 billion won ($215 million) global special situation fund in September.

South Korean institutional investors are offering rescue financing for overseas office buildings, which their local peers have yet to exit, as they are selectively resuming global real estate investments.

In Europe, real estate transactions were up 15% to 37.1 billion euros ($39 billion) in value in the third quarter of this year from the year prior, according to Savills.

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Article Details

Category: Economy

Markets: South Korea

Topics: Office Global Korean Billion Alternative Meritz Investment Real Estate Year Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 20:21:17 (4 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 23809339

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