APAC Real Estate Deals Fell 13% in Q1 Despite South Korea Rush

Blackstone’s sale of Arc Place in Seoul was Q1’s biggest office deal globally (Image: 8 Partnership)

Acquisitions of income-generating real estate in Asia Pacific dipped 13 percent in the first quarter compared with the same period a year ago, falling to $31.3 billion despite big-ticket office deals buoying regional standouts South Korea and Japan, according to MSCI Real Assets.

Deals in South Korea surged 81 percent from last year’s low base to $4.8 billion in the first three months of the year, the data provider said in its latest…