Weekly Digest: UniSuper buys logistics portfolio from NPS; Korean investors commit to Europe PE
UniSuper joins Blackstone in Australian warehouse portfolio as NPS sells stake; Korean pension funds and insurers commit to European private equity behemoth; GIC scales back quantitative unit; and more.
TOP NEWS OF THE WEEK
Korea's National Pension Service has sold its 50% stake in a Dexus industrial property portfolio in Australia to the local superannuation fund UniSuper.
Unisuper has acquired 50% ownership in the 340K sqm industrial property portfolio comprising 20 assets across Sydney and Melbourne, in a deal worth over A$500 million ($335 million). UniSuper will invest alongside existing co-owners Dexus and Blackstone in this venture.
Of the 20 portfolio assets, 12 are l…
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