Samsung SRA Asset Management
C&W Services: Capital Markets
30 Crown Place - First Overseas Investment
Samsung SRA Asset Management, through Cushman & Wakefield, acquired 30 Crown Place, London EC2, on behalf of South Korean institutional investors from a fund managed by Hannover Leasing GmbH & Co. KG.
“We are very excited with having found Samsung SRA as a strategic partner. We look forward to working in partnership with CWI to provide the asset management for this trophy building over the next five years.”
– LAURENT RUCKER
Head of International Real Estate of Hannover Leasing
30 Crown Place offers 192,070 square feet of Grade A office space. The deal marks Samsung SRA’s first overseas investment and suggests that international capital flows and wealth transfer are driving a dramatic new phase of globalization. Increasing effectiveness of financial markets is facilitating the flow of trade and direct investments into global real estate assets. The final deal involved a German fund manager, two German banks providing debt, a North American advisor to the vendor plus a consortium of seven Korean LP investors led by Samsung SRA, the fund management arm of Samsung Life. Increased capital flows from emerging market economies are part of a growing trend, suggesting improvements in the global economy.