The manager bought two luxury high-rise apartments for $222m all cash.
The Toronto-based manager has executed two European deals from its Real Estate Solutions strategy this month alone.
The manager is set to expand the Village Hotels brand it acquired for €800m to other European markets and the US.
The transaction is the third in the New York-based firm’s minority stakes strategy investing in real estate managers.
The firm remains interested in the rest of the IFC Seoul complex, with the acquisition setting 'the tone' for its future Korean investments.
Through a third investment in Bulk Infrastructure, the New York-based firm looks to meet demand for AI-ready data centers, says its co-CEO.
Real estate market participants do not expect a significant immediate change in debt market conditions.
An undisclosed ultra-high-net-worth individual purchased the revamped property from ActivumSG for €51m.
The manager is buying 24 properties comprising 5 million square feet from logistics giant Prologis with equity from its $4.9bn sixth industrial value-add fund.
The Cleveland-based real estate and fixed income manager and London-based infrastructure firm will have about $35.7bn in total AUM.