Korean pension fund NPS, Hines acquire 49.5% stake in Manhattan project

Korean pension fund NPS, Hines acquire 49.5% stake in Manhattan project

National Pension Service of Korea (NPS) has joined global real estate investment firm Hines Interest LP to acquire a 49.5 per cent interest in Manhattan’s adaptive-reuse project One Madison Avenue from US-based REIT SL Green Realty Corp.

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