PRESS RELEASE: Asian Investment Specialist Jason Park Joins Savills' Cross-Border Team in the U.S.

New York – 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.

Mr. 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. “Jason Park 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 Mr. 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, Mr. Park was responsible for managing more than 4.7 million square feet 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.

About Savills LLC

Savills LLC is a real estate investment banking firm offering debt and equity placement, note sales, investment sales, cross-border investment, advisory and asset management services across all property types. Savills’ North American headquarters is in New York, with offices in suburban Washington D.C. and Orange County, California.

The professionals of Savills LLC have executed more than $50 billion in real estate transactions, spanning the full range of property types, including multifamily, office, medical office, retail, industrial and hospitality.

Listed on the London Stock Exchange, Savills plc is one of the world's leading real estate advisors, with more than 200 offices and approximately 26,000 professionals in principal cities throughout the Americas, Europe, Asia Pacific, Africa and the Middle East.

TAGS: Commentary