In another mega partnership, APG, Canada Pension Plan InvestmentBoard and ESR Cayman Limited Investments, have entered into a newjoint venture, called ESR-KS II. Its goal is to invest in SouthKorean industrial assets.
The JV, which has a total equity allocation of $1 billion, isconsidered one of the largest global real estate capital raisingsthis year. It comes on the heels of another high-profilecollaboration by the trio in the area of Korean logistics.
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