Chinese insurers, Korean pensions building real estate exposure
Big Chinese insurers such as Anbang and Ping An are making strides into property. Korea's Poba is doing the same, and fund managers hope more smaller asset owners will follow suit.
Asian institutions are generally less familiar with property investing than their peers in Europe or the US. But the dizzyingly fast expansion of their asset bases, particularly in northernmost nations, has provided plenty of impetus to catch up.
Korea’s National Pension Service (NPS) had W533 trillion (around $460 billion) in investable assets at the end of 2015, and this is expected to peak at W2.43 quadrillion ($2.16 trillion) by 2043. Japan’s Government Pension Investment Fund…
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