Koreans Kiwoom & Inmark enter Spanish property market

Avison Young and Cushman & Wakefield have advised South Korean based Kiwoom Securities and Inmark Asset Management in the acquisition of the ‘Helios’ building, which will house the future headquarters of ING. The buyers have agreed with Blackstone to sell this asset which was part of the Hispania Real Estate portfolio.

This marks the first acquisition in Spain for these South Korean investors. Kiwoom Securities Co., Ltd. is a securities company listed in the Korean Stock Exchange whilst Inmark Asset Management Co., Ltd. is a registered asset management company in Korea, with a vision to provide bespoke investment solutions to institutional investors across global real estate and infrastructure opportunities.

Inmark was established by two Australian-based companies, namely Inmark Group, a real estate investment business, and Millinium
Capital Managers
, a fully licensed funds management company in Australia.
Bringing together skill sets and expertise from diverse professions and broad network around the world, Inmark acts as a long-term investment
partner for institutional investors.

ING, which currently has its headquarters in Madrid’s suburb of Las Rozas will occupy the entire office Helios building which is located in Campo de las Naciones, near the airport and in the northern part of the capital. The property, which has a GLA of ​​35,000m² and 770 parking spaces, was recently refurbished and received the ‘Platinum’ sustainability rating, the highest according to the LEED system of the Council of Ecological Construction of the United States.

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