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PrintNov 17, 2009
- Partnership formed with J.P. Morgan Asset Management to facilitate the acquisition
London, 17 November 2009, J.P. Morgan Asset Management is pleased to announce that it is acting as general partner, operator and investment adviser to a partnership formed to facilitate the Korea National Pension Service’s acquisition of 8 Canada Square, the 1.1 million square foot HSBC global headquarters building located in Canary Wharf, London.
J.P. Morgan Asset Management’s Global Real Assets group has a 39-year history of successfully investing and managing real estate and infrastructure assets on behalf of global institutional clients and has over $42 billion of assets under management (as at September 30, 2009). The group offers a range of investment products across the risk/return spectrum in the U.S., Europe and Asia and manages direct and indirect property investments in commingled funds and in separately mandated accounts.
National Pension Service is the fifth largest pension fund in the world, with over $229 billion of assets.
Joe Azelby, CEO of the Global Real Assets group at J.P. Morgan Asset Management said, “This investment represents a significant milestone for National Pension Service in fulfilling its business plan to increase its allocation to international real estate.”
Pete Reilly, Head of J.P. Morgan Asset Management’s European Real Estate business said, “Our goal is to work with and advise the National Pension Service in its acquisition of the highest quality properties throughout Europe while these assets appear very attractively priced. This first acquisition gets us off to a great start.”
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For further information please contact:
J.P. Morgan Asset Management
Jayne Fieldhouse
Telephone: +44 (0) 20 7742 8337
Email: jayne.e.fieldhouse@jpmorgan.com
Lansons Communications
Inez de Koning
Telephone: +44 (0) 20 7294 3623
Email: inezd@lansons.com
Notes to Editors
J.P. Morgan Asset Management is part of J.P Morgan Chase & Co. and is a global asset management leader providing world-class investment solutions to clients. With US$1.3 trillion in assets under management (the Asset Management client funds of JPMorgan Chase & Co. as at September 30th 2009) and offices in 40 locations around the world, J.P. Morgan Asset Management offers global coverage with a strong local market presence, and leadership positions in most asset classes.
J.P. Morgan Asset Management is a trading name of JPMorgan Asset Management Marketing Limited which has issued this material in the United Kingdom and which is authorised and regulated by the Financial Services Authority. Registered in England No. 288553. Registered office: 125 London Wall, London EC2Y 5AJ.
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