Poba makes first property JV in Europe logistics
The portfolio holds a potential upside for the Korean asset owner and its partners, its CIO tells AsianInvestor.
It took two months for Korea’s Public Officials Benefit Association (Poba) and Danish pension fund PFA to execute their first joint investment into Europe’s real estate markets.
After signing a memorandum of understanding on October 4, the two asset owners on Friday (December 6) announced the purchase of a logistics properties portfolio. The portfolio was bought in collaboration with German real estate investment manager Patrizia, which will also manage the portfolio going forward…
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