Nuveen’s fund buys asset in South Korea
Nuveen’s Asia Pacific Cities Fund (APCF) has acquired a key logistics facility in the Greater Seoul area.
The firm said it partnered with Sang Investment to provide investment operations and capability on the ground in South Korea.
“We anticipate that the rapid expansion of e-commerce and associated third-party logistics demand in Asia Pacific, particularly South Korea, will underpin structural resilience in the sector,” Nuveen Real Estate’s managing director Asia Pacific, Louise Kavanagh, said.
“We anticipate that the rapid expansion of e-commerce and associated third-party logistics demand in Asia Pacific, and particularly south Korea, will underpin structural resilience in the sector.
“Seoul is one of the principal cities for investment for the APCF, offering a core, liquid, transparent, highly institutional and investable market.”
APCF was originally launched in November 2018 and aimed to focus on selected ‘future-proof’ cities across the Asia Pacific region.
AUTHOR
Oksana Patron
Recommended for you
Australian equities manager Datt Capital has built a retail-friendly version of its small-cap strategy for advisers, previously only available for wholesale investors.
The dominance of passive funds is having a knock-on effect on Australia’s M&A environment by creating a less responsive shareholder base, according to law firm Minter Ellison.
Morningstar Australasia is scrapping its controversial use of algorithm-driven Medalist ratings in Australia next year and confirmed all ratings will now be provided by human analysts.
LGT Wealth Management is maintaining a neutral stance on US equities going into 2026 as it is worried whether the hype around AI euphoria will continue.
