A German pension fund has committed $75m to Tishman Speyer’s Korean residential fund, building on a first close that raised $300m from Dutch investors APG Asset Management and Bouwinvest in June.
The commitment adds momentum to the value-add fund focused on South Korea’s residential market. The pension’s backing signals growing international investor appetite for Korean real estate.
The fund is managed by Tishman Speyer, a global real estate firm. The first close in June attracted major Dutch institutional capital, demonstrating strong demand for the strategy.
This fundraising comes amid broader trends in private real estate, with managers facing cost scrutiny and competition for capital. The German pension’s commitment underscores the appeal of targeted regional funds.
Source: Real Estate Investor · Summarized by HeadlinesBriefing