News: Brokerage

Asian investment specialist Park joins Savills' cross-border team in the U.S.

Jason Park, a capital markets specialist with a concentration on the Asian real estate investment sector, has relocated from Savills in Korea to join the company's US-based Cross-Border Investment team in New York. Park, an associate director, has helped close more than $760 million in investment transactions since co-founding the International Investment Advisory team for Savills Korea in 2009. He first came to the firm's Seoul office in 2006. "Asian investors have always shown significant interest in American assets, and that interest is growing steadily," said Robert Stamm, executive managing director with Savills and leader of the company's cross-border unit. "JasonPark has worked closely with Korea's top institutions and understands their approach to strategic investment. We expect him to set in motion many exciting, international transactions." Since establishing the Seoul International Investment Advisory team, Jason Park closed one retail and four office transactions involving large-scale assets situated in Seoul and Beijing. His most recent project was a $140 million office transaction in Seoul. In addition, Korea's National Pension Service, the fourth-largest pension fund in the world, tapped Park and the Savills team to provide investment advice on a $4.1-billion-portfolio of acquisitions representing office and retail assets in Europe, Asia and Australia. His clients have included Credit Suisse, KB Bank, the Korean Teachers Credit Union, Hyundai ANC, Union Investment, Korean Federation of Community Credit, Pramerica and others. Prior to joining the Savills investment department, Park was responsible for managing more than 4.7 million s/f of office and retail space owned by seven clients. Jason Park holds both a bachelor of science and master of science degree from Yonsei University in Seoul.
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