According to investment banking sources on September 6, the CPP Investment Board purchased a 50-percent stake in Samsung SRA Private Real Estate Investment Trust No. 4, a single-asset fund that owns an office development in the Songpa District in the south of the Han River. The remaining 50-percent stake will be split by ten different investors including domestic pension funds, credit unions, and asset management firms.
The Toronto-based pension fund was attracted to the fact that the Samsung SDS building can guarantee a stable stream of investment income with excellent location as the Samsung Group company had already signed the long-term lease contract. The CPP Investment Board may consider additional investments in Korean properties.
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