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Hyundai Investments partners with La Francaise to create European office-focused fundBy Son Ji-hyoung
Published : Dec. 24, 2019 - 15:57
The new fund seeks 8 percent internal rate of return through a 10-year investment, according to Hyundai Investments. The Korean vehicle did not disclose the fund’s volume and its limited partners committed to the fund.
“Investors might face liquidity problems when selling off large office buildings in key Western European countries due to heated competition, whereas small and midsized office assets have lower price pressure and relatively higher liquidity on potential pool of new investors,” Kim Jae-kwang, managing director of Hyundai Investments in charge of alternative investment, said in a statement.
Hyundai Investments’ cross-border alternative assets under management are close to 2 trillion won ($1.7 billion), out of the total 14.8 trillion won as of Friday.
By Son Ji-hyoung (email@example.com)
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