S Korea's NPS inks $2.3b JV with Allianz for Asia Pacific realty investments

S Korea's NPS inks $2.3b JV with Allianz for Asia Pacific realty investments

The logo of the National Pension Service (NPS) is seen at its branch office in Seoul, South Korea, November 4, 2016. REUTERS/Kim Hong-Ji/File Photo

Allianz Real Estate, the realty investment arm of German insurer Allianz, has formed a $2.3-billion strategic partnership with South Korean pension manager National Pension Service (NPS) to invest in a diversified portfolio of properties in the Asia Pacific region.

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