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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

S.Korean sovereign fund makes London property debut

Posted on 10 January 2012

Ciaran Burns Korea Investment Corporation, South Korea’s sovereign wealth fund, bought an office block opposite the Bank of England for about 75 million pounds ($116 million), its first foray into the perceived safe haven of the London property market.

In a deal completed days before Christmas, KIC bought the 80,000 square feet block at 1 Bartholomew Lane, in which it occupies the top floor, in a deal that will see U.S. developer Hines act as the asset manager, a source told Reuters…………………………………….Full Article: Source


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