| The South Korean sovereign wealth fund, the Korean Investment Corporation (KIC), is believed to be part of a group acquiring a half stake in a Melbourne office complex for AUD289m (€188m).
The vendor, Dexus Property Group, has given the group an option to take the remaining 50% for the same price – valuing Southgate Complex, on Melbourne’s Southbank, at AUD578m. Darren Steinberg, Dexus chief executive, told IPE Real Estate: “This was the first tranche of the sale. Over the next few months, we will sell the remaining 50% in a second tranche...............................................Full Article: Source
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