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Blackstone Negotiates Sale of Helios Building to a South Korean Fund for €200M

10 June 2019 – Eje Prime

The British real estate manager Savills Investment Management (IM) is looking to buy the Helios office building from Blackstone on behalf of an unidentified South Korean investor.

The property, which is currently under construction, will have ING as its main tenant and the sales price could reach €200 million.

The largest investor in South Korea is the National Pension Service (NPS) and the next largest is the Korea Investment Corporation (KIC). Other possible investors include the country’s banks, the manager IGIS and Samsung Securities.

Original story: Eje Prime 

Translation/Summary: Carmel Drake

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