deutsches-property-arm-advances-in-korea

DeutscheÆs property arm advances in Korea

Real estate business rebrands globally and announces plans for South Korean property acquisitions.
July 20, 2006
Deutsche Asset Management has combined its Korean real estate business within Deutsche Investment Trust, integrating its property and infrastructure businesses within South Korea. Its global real estate arm has been renamed RREEF, having previously been known as DB Property Advisors.

Deutsche has had a property business in place in Korea for 10 years, and the newly branded RREEF will continue to be headed by Paul Keough.

Globally, its property business currently has $42 billion of assets under management. A small percentage is allocated towards opportunistic and value-added assets with more than 90% invested in more mainstream investment property assets.

ôWith this consolidation, our real estate business will be regulated and licensed now in Korea,ö...
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