Singapore Sovereign Fund and CPPIB Buy Landmark Mall in Seoul
Affluent retail markets in Asia such as Seoul and Tokyo are luring sovereign wealth and pension dollars. Sovereign wealth funds like the Abu Dhabi Investment Authority (ADIA) and the State Oil Fund of Azaerbaijan (SOFAZ) have invested in Seoul real estate. GIC Private Limited, one of Singapore’s sovereign wealth funds, and Canada Pension Plan Investment Board (CPPIB), formed a joint venture partnership to acquire D-Cube Retail Mall in southwestern Seoul. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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