Samsung Life has given LaSalle Investment Management a €200m mandate to invest in France.
LaSalle will source real estate for Samsung, with a focus on prime assets in Paris.
Samsung, one of Korea’s largest insurance and pension providers, has also used Deutsche Asset & Wealth Management (formerly RREEF) to source opportunities in Europe. At the end of last year, Samsung had KRW115trn (€77bn) of assets under management, of which KRW8trn was real estate.
A PwC/Urban Land Institute survey earlier this year found that almost 80% of respondents predict more capital coming from Asia this year.
