Four key takeaways from PERE Network Seoul Forum 2023
Changes in investor appetite, tightening budgets and optimizing efficiency were among the big themes discussed at the conference in Seoul this week.
Expert analysis by Christie Ou
This week, more than 230 members of the PERE Network gathered in Seoul’s Fairmont Ambassador Hotel for the annual PERE Network Seoul Forum 2023, to hear how South Korean managers and investors are dialing back on real estate investments, managing existing portfolios and addressing refinancing issues.
1. Investors have shrinking appetite for real estate equity
One prominent theme from the conference was South Korean investors’ diminishing appetite for real estate equity investments. Jooil Kim, director and head of global investment, investment group at IGIS Asset Management , said investors’ exposure to real estate is higher compared with that of other alternative asset classes...