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September 1, 2020

The Rise And Pause Of South Korea’s Deal-Hungry Investors

From a standing start in 2010, South Korean investors became a global real estate investment powerhouse, dominating the list of big transactions in some of the world’s gateway cities.

But now, a series of very particular circumstances to do with travel bans, currency hedging and a scandal at a local hedge fund mean the cohort of acquisitive investors has had to put its deal-making on hold, or start looking at new markets — particularly the U.S.

“There is still a lot of capital wanting to invest overseas that isn’t satisfied with returns in the domestic market,” said Jonghan Kim, Cushman & Wakefield partner and head of the Korea Desk for EMEA Capital Markets. “But there are some issues today.”

The Rise And Pause Of South Korea’s Deal-Hungry Investors

The story of Korean outbound investment is a remarkable one. In 2010, Korean investors deployed just €622M ($733M) in European real estate, according to Real Capital Analytics. In the preceding years there had been a few one-off deals, such as pension…

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The national CREW Network Convention and annual fundraiser, NAIOP New Jersey’s gala and 50th anniversary celebration, the Goldie Gala, the Marshall Bennett Institute of Real Estate Gala — the list of CRE conferences, conventions, galas and, perhaps soon, holiday parties, gone virtual continues to grow.

Now six months into the coronavirus pandemic, the charm of the virtual event may be wearing off. But people are all still hungry for connection and conversation and want to support the organizations they have not been able to come out for all year otherwise.

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