Nuveen’s fund buys asset in South Korea

Nuveen Asia Pacific Cities Fund Louise Kavanagh

9 August 2019
| By Oksana Patron |
image
image
expand image

Nuveen’s Asia Pacific Cities Fund (APCF) has acquired a key logistics facility in the Greater Seoul area.

The firm said it partnered with Sang Investment to provide investment operations and capability on the ground in South Korea.

“We anticipate that the rapid expansion of e-commerce and associated third-party logistics demand in Asia Pacific, particularly South Korea, will underpin structural resilience in the sector,” Nuveen Real Estate’s managing director Asia Pacific, Louise Kavanagh, said.

“We anticipate that the rapid expansion of e-commerce and associated third-party logistics demand in Asia Pacific, and particularly south Korea, will underpin structural resilience in the sector.

“Seoul is one of the principal cities for investment for the APCF, offering a core, liquid, transparent, highly institutional and investable market.”

APCF was originally launched in November 2018 and aimed to focus on selected ‘future-proof’ cities across the Asia Pacific region.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

3 days 21 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 1 day ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 3 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

2 days 19 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

1 day 22 hours ago