Korea’s National Pension Service Hires Townsend for Asian Real Estate Portfolio

Korea’s National Pension Service (KNPS) has hired Cleveland-based Townsend Group to build and manage a US$ 400 million bespoke Asia real estate portfolio. The KNPS has been investing in international properties since 2006, mostly in Europe and the United States. In September 2010, the KNPS committed US$ 300 million toward U.S. distressed real estate by allocating capital in a separately managed account with the Townsend Group.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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