Korea Pension Buys Sydney Building for A$685m

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AUSTRALIA/SOUTH KOREA - South Korea's National Pension Service, the nation's biggest investor, bought an office building in Sydney for A$685m (US$626m) to diversify its investments as Australia's economy strengthens.

The service signed an agreement on December 30 to buy the 44- story Aurora Place office tower overlooking Sydney Harbour, it said in an e-mail today. The seller is Commonwealth Property Investment ...

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