October 10, 2018 / 2:00 AM / 7 months ago

KKR, NPS part of group to invest in property in Seoul's Gangnam area

SEOUL, Oct 10 (Reuters) - KKR & Co said on Wednesday it has invested in a real estate project in the Gangnam district of Seoul, South Korea, along with the National Pension Service and IGIS Asset Management, the country's biggest real estate fund manger.

The project, which is expected to cost $1.9 billion, marks KKR's biggest real estate investment in South Korea, a spokeswoman for the private equity firm said. (Reporting by Hyunjoo Jin in Seoul and Kane Wu in Hong Kong; Editing by Edwina Gibbs)

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