IGIS Asset Management has held a final close on IGIS Strategic Fund I at KRW400 billion ($353.9 million, €308.1 million, £273.1 million).
The fund will invest around 75 percent of its capital into office assets in Seoul. The remaining capital will be deployed in retail, mixed-use and logistics assets.
The National Pension Service of Korea and Korea Post are the investors who committed to the fund, aside from its own commitment.
IGIS currently manages $20 billion of assets.
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