South Korea Pension Signs $2.3 Billion Joint Venture With Allianz for Real-Estate Investment
June 29 2020 - 12:51AM
Dow Jones News
By Kwanwoo Jun
South Korea's National Pension Service and German insurance
giant Allianz Group have agreed to launch a $2.3 billion joint
venture for real-estate investments.
The joint venture aims to invest in real estate in Australia and
high-growth Asian countries, including China, Japan and Singapore,
the Korean pension fund said in a statement.
The Korean pension fund and Allianz will each own a 50% stake in
the joint venture, it said.
Write to Kwanwoo Jun at kwanwoo.jun@wsj.com
(END) Dow Jones Newswires
June 29, 2020 00:36 ET (04:36 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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