April 24, 2024

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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. 

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)