South Korean investment in Europe hits record €6.2b in H1 2019

South Korean investors have invested €6.2 billion ($6.8 billion) in European property in first half 2019, the highest figure on record, according to Savills.

This equates to 10 percent of all cross-border commercial real estate deals in the region, up from 3 percent in 2018, according to Savills. Offices (88 percent of all deals) and prime industrial assets (11 percent of all deals) have been the key targets for this investor group.

While South Korean investors have spent €1.4 billion ($1.5 billion) during first half 2019 in the United Kingdom, showing they have been relatively undeterred by the ongoing Brexit negotiations, Paris has dominated the headlines so far this year as their preferred destination. By July 2019, South Korean investors had acquired or were under offer on property worth €4.4 billion ($4.9 billio