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THE INVESTOR] Hana Asset Management has taken over the North American headquarters building of Danish pharmaceuticals company Novo Nordisk for US$350 million, it announced Aug. 18.
It has joined hands with three South Korean securities firms -- Hana Financial Investment,
Mirae Asset Daewoo and
HMC Investment Securities -- to form a private equity fund specializing in real estate, having made an investment of about half the purchase. The rest of the fund has been delivered through a loan with the building in New Jersey as collateral.
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Novo Nordisk's North American headquarters. Hana Asset Management |
The pharmaceuticals company will lease the 60,000 square meter building at Princeton Biotech Cluster for at least 15 years, the asset management company explained.
It is currently overseeing Washington Harbor, a prime complex building in the US capital.
By Hwang You-mee (
glamazon@heraldcorp.com)