SEOUL-Korea’s National Pension Service, which has invested in substantial European real estate in 2010 – mainly through London-based investment manager Rockspring – aims to reach more than 10% of total assets in various alternative assets by 2014. This implies allocation of another $11.9 billion to $13.5 billion in the next four years.

NPS will work with Townsend Real Estate in the US to commit up to $300 million to the US housing market and will also work in Asia and Europe with Prudential’s investment manager Pramerica in seeking further property exposure. Total further short-term investment is up to $1billion for each region.

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