Deals
As China Retreats From Global Property Deals, Korea Fills Void
- South Korea property acquisitions top $12 billion this year
- Mirae-Anbang hotels deal highlights shift in capital flows
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As China’s once-voracious companies retreat from the global property market, smaller neighbor South Korea is filling the void.
Korean investors splurged almost $6.8 billion on international commercial real estate in the year through August, according to CBRE Group Inc., more than four times the amount spent by Chinese firms.