Hines: Hines Opens New Korea Office

Real estate investment manager Hines has opened a new office in Jeonju of South Korea.Hines has opened a new office in Jeonju, a city in western South Korea, according to a statement. The office will allow the firm to provide closer collaboration and more strategic support to the National Pension Service (NPS), a local partner for nearly 15 years, including investment management advice and capital market research and analysis.«Establishing our Hines Jeonju office is a testament to our enduring partnership with NPS and highlights our unwavering commitment to client-centricity,» said David Steinbach, global chief investment officer at Hines.Hines has been active in South Korea since 2013 when it opened its first investment management office in Seoul. Today, it has a portfolio in the country worth about $1.5 billion covering 200,000 square meters across office, industrial and logistics and mixed-use sectors.