Now that it has hired three for its overseas property business, Seoul-based Koramco Fund hopes to grow its overseas assets to $1.2 billion over five years.
Richard Barkham joins the global firm’s research team in a newly-created position after eight years at the London-based property firm.
.jpg "Grand China to channel Chinese money into US")
The Beijing-based boutique firm is hoping to raise $100 million from Chinese high net worths and institutions for investments in existing properties with stable cash flows stateside.
The largest division within CITIC Group has revealed plans to make the fund public within three years, and in just over a month has raised its entire RMB5.2 billion goal.
The Beijing-based bad loan bank is planning to raise $1bn each for two funds, one focused on the US, the other focused on China.
The $34 billion oil sovereign wealth fund has acquired a prime office tower in Seoul in what was its first property investment in Asia.
The Chinese conglomerate is understood to be in the due diligence phase of acquiring boutique domestic manager IDERA.
The Greenwich, Connecticut-based firm has bought 23 owned and leased hotels in the UK to add to its burgeoning hospitality portfolio
.jpg "CBRE appoints Asia and EMEA CEOs")
Promotions for Daniel Queenan in Asia and Martin Samworth in the EMEA region mean that CBRE can split the duel CEO/chairman roles previously held by Robert Blain and Michael Strong.
Investors in Asian property have become polarized on opposite ends of the risk spectrum as their commitments grow, according to the world’s largest property services firm.