Key facts
- Tishman Speyer's Korea Living Venture (KLV) reached its first close.
- The venture secured $300 million in third-party equity commitments.
- Investors include APG and Bouwinvest.
- The fund will target Korea's rental housing market.
Tishman Speyer has announced the first closing of its Korea Living Venture (KLV), successfully raising $300 million in equity commitments from third-party investors. The initial investors include APG and Bouwinvest, both European pension investors. The KLV strategy is focused on Korea's rapidly expanding rental housing market. This initiative aims to capitalize on the growth opportunities within the Korean residential property sector, particularly in rental accommodations.