Transactions - FEBRUARY 1, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

South Korean investors to buy Paris office building

by Andrea Waitrovich

A real estate fund investing on behalf of Samsung Group’s financial units is in talks to purchase the 355,000-square-foot So Quest office building in northwestern Paris for more than €300 million ($332.4 million). The seller is Unibail-Rodamco SE.

Currently, the Paris building is leased to software company SAP on a more than 10-year lease.

An official statement about the investment has not been released; however, Asian media outlets are reporting this is the Samsung fund’s second real estate purchase overseas since its launch. The Samsung fund was formed in June 2015 by Samsung Group’s financial companies, including Samsung Life Insurance Co., Samsung Fire & Marine Insurance Co., Samsung Securities Co., and Samsung SRA Asset Management Co., with an aim to expand overseas real estate investments.

The fund is managed by Samsung SRA Asset Management, a wholly owned subsidiary of Samsung Life Insurance, according to

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy