Korea Post will select managers to invest US$100 million for real estate funds in US and Europe
08 October 2013
News, Asia, Korea, USA, Europe
By Asia Asset Management
Korea Post is looking to hire two managers for a US$100 million private equity real estate mandate for investments in the US and Europe; prospective firms should be managing assets of at least US$1 billion for consideration and should also have a local presence, as well as at least one Korean national as an employee.
Applications for the mandates will close on October 30, according to the announcement. The mandates are for a value oriented, distressed or opportunistic strategy. Investments into greenfield developments should not account for more than 50% of the portfolio.
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