M&G Real Estate has made its first investment in South Korea’s living sector, picking up a set of Seoul apartments for KRW 24.3 billion ($17.4 million), reported Mingtiandi.
The firm purchased a 14-story multifamily residential building in Central Seoul’s Hwanghak-dong, Jung-gu on behalf of its Asia Pacific Living strategy, following earlier rental housing investments in Japan and Australia.
“This acquisition adds real momentum to our Asia Pacific Living portfolio,” said David Askham, director of portfolio management for the Asia Living strategy at M&G Real Estate, in the article. “As people’s preferences for city living evolve, our strength in finding and managing future-ready properties puts us in a strong position to grow across the region — while delivering sustainable returns for our investors.”
