European Pension Investors Back Strategy Focused on Korea's Rapidly Expanding Rental Housing Market
NEW YORK, June 4, 2026 /PRNewswire/ -- Tishman Speyer today announced the first closing of its Korea Living Venture (KLV), securing $300 million in third-party equity commitments from two blue chip European pension funds for a new fund dedicated to acquiring, repositioning, and developing multifamily and accommodation properties throughout Seoul.
The commitments from APG Asset Management N.V. (APG) and Bouwinvest provide a strong foundation for KLV, which is targeting approximately $400 million of equity commitments which would represent more than $800 million of investment capacity, including anticipated financing. The strategy underscores growing institutional conviction in Korea's rapidly expanding rental housing sector, one of the fastest-growing multifamily markets in Asia.
APG is one of the world's largest pension investors, managing assets on behalf of Dutch pension fund, ABP.
Bouwinvest is a leading Dutch institutional real estate investment manager focused on creating long-term value through diversified investments across global residential and real estate sectors on behalf of pension clients.
KLV will target assets near major transportation hubs with convenient access to business districts and university campuses in Seoul, Icheon, Gyeonggi-do and other high-growth neighborhoods throughout the capital region.
Leveraging Tishman Speyer's value-add and placemaking expertise, the fund primarily focuses on existing living assets with value enhancement opportunities, while maintaining selective exposure to development projects. This integrated approach balances near-term stability with long-term growth, enabling KLV to assemble a diversified portfolio of high-quality living assets.
Seoul is experiencing a boom in rental demand, underpinned by structural socio-economic shifts such as rising housing costs, increasing single-person households, and growing numbers of foreign residents and international students. Together, these dynamics are contributing to the long-term depth and resilience of the city's rental market.
"The Korea living sector represents a large but under-institutionalized opportunity, fueled by growing demand and constrained supply," said Tishman Speyer's Head of pan-Asia, Graham Mackie. "This strategy allows us to scale our presence in a high-growth market while further diversifying Tishman Speyer's global portfolio."
Joelin Ma, Senior Director Real Estate at APG, comments:
"Korea's living sector is a strong example of the structural opportunities we are targeting across Asia's developed markets. Demographic shifts, rising rental demand and the growing adoption of professionally managed accommodation continues to support strong long-term fundamentals, and we see this as an attractive way to access resilient, income-generating real estate exposure in the region. Our partnership with Tishman Speyer and Bouwinvest combines strong local execution with structural flexibility, including a potential pathway towards an open-ended core vehicle, in line with APG's long term approach to core real estate investing."
Robert Koot, Director Asia-Pacific Investments at Bouwinvest, comments:
"Our Korea Living strategy reflects our strong conviction in the long-term fundamentals of one of Asia's most dynamic and institutionally maturing residential markets. Building on our global experience in the living sector, we believe that partnering with APG and Tishman Speyer positions us very well to create a high-quality, scalable portfolio. As part of our performance strategy, we aim to contribute to the evolution of urban living by delivering sustainable, future-ready housing solutions that meet the needs of modern Korean households, while generating resilient, long-term returns for our client."
Jorrit Sennema, Sr Portfolio Manager at Bouwinvest, comments:
"Seoul's residential market is at an important inflection point. A significant part of the existing housing stock is ageing and no longer aligned with the needs of today's urban population. At the same time, the rapid growth of single-person households is fundamentally reshaping demand, creating a clear need for well-designed, professionally managed living solutions. This imbalance presents a compelling opportunity to deliver modern, high-quality housing that better reflects how people live today, while driving the continued institutionalisation of the sector."
The vehicle further builds upon Tishman Speyer's continued global diversification strategy, which prioritizes investments in a widening range of asset classes and geographies.
This article is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to subscribe for any interests in any jurisdiction.
About Tishman Speyer (tishmanspeyer.com)
Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in approximately 40 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial and data center facilities, mixed-use campuses, and real estate credit investments. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we foster innovation, quickly adapt to global and local trends and proactively anticipate our customers' evolving needs. By embedding health and wellness, enlightened placemaking, and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, into our buildings, we enhance the experience of the people who work and live there. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 600 properties, totaling 242 million square feet, with a combined value of approximately $138 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt, and the Mission Rock neighborhood currently being realized in San Francisco.
About APG (https://apg.nl/en) As the largest pension services provider in the Netherlands APG manages approximately €601 billion (December 2025) in pension assets for 4.6 million participants. APG provides executive consultancy, asset management, pension administration and pension communication. With approximately 4,000 employees we work from Heerlen, Amsterdam, Brussels, New York, Hong Kong, and Singapore. We work for pension funds and employers in the sectors of education, government, construction, cleaning, housing associations, sheltered employment organizations, medical specialists, and architects.
About Bouwinvest (https://bouwinvest.com/)
At Bouwinvest, we are committed to creating financial returns for our institutional clients. Originating from the Dutch construction workers pension fund bpfBOUW, we have built up a unique position as an investment manager overseeing €17.8 billion in assets (YE 2025). We offer institutional investors access to a carefully curated portfolio of Dutch direct investments and targeted global indirect investments, while also providing tailored investment opportunities. In line with our investment philosophy, we recognize that achieving long-term success and outperformance is only possible when ESG considerations are an integral part of our investment decision making, when these considerations align with delivering financial returns within our investment horizon. By integrating both, we balance the preservation and growth of future financial value for our investors while making a positive contribution to society. To us, that is real value for life.
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Tishman Speyer Secures $300 Million First Close for Korea Living Venture with APG and Bouwinvest
- The line-up includes two new para-athletes – Indonesian para cyclist Muhammad Fadli Imamuddin and Malaysian para-athletics sprinter Muhammad Ammar Aiman Nor Azmi – alongside five returning athletes from the Paris 2024 cycle.
- Each athlete will be paired with a Dual Hero Project, a Toyota-supported initiative within the Asia region that gives back to the communities that shaped them.
SINGAPORE, June 5, 2026 /PRNewswire/ -- Toyota Motor Asia (TMA) today announced its refreshed line-up of seven Global Team Toyota Athletes (GTTAs) representing six countries across Southeast Asia, on the road to the Aichi-Nagoya 2026 Asian Games and Asian Para Games. The roster includes two new para-athletes, alongside returning athletes from the Paris 2024 cycle. This is also unified under Toyota's regional brand platform, Move Your World, and reflects the company's enduring belief that sport reveals what it truly means to be human.
Two new athletes join the Asia line-up
Fresh to the team are Indonesia's Muhammad Fadli Imamuddin and Malaysia's Muhammad Ammar Aiman Nor Azmi, who will join five Global Team Toyota Athletes from Indonesia, Malaysia, Philippines, Singapore, Thailand and the Vietnam across a range of sporting disciplines. Since 2018, Toyota has partnered with over 20 Global Team Toyota Athletes in Asia, supporting athletes who not only represent sporting excellence, but also embody the power of movement to drive progress beyond competition. As Toyota continues to evolve, its athlete partnerships remain a key expression of its Move Your World philosophy, where mobility extends beyond movement to create access, opportunity and progress within communities. Through the Global Team Toyota Athletes, Toyota continues to champion sport as a platform for inspiration, inclusion and meaningful community impact.
| Name of Athlete | Background |
| Indonesia's Muhammad
Fadli Imamuddin | Began his sporting career as a professional motorcycle racer
before a racing incident in 2015 led him to transition to para
cycling. He returned to competition in 2017 and has since
represented Indonesia internationally, claiming gold at the
2025 ASEAN Para Games, while mentoring the next
generation of riders through his motorcycle racing school. |
| Malaysia's Muhammad
Ammar Aiman Nor Azmi | Progressed from school-level competitions to the
international stage, steadily building a reputation as a
consistent performer in para-athletics. His achievements
include winning gold at the 2022 Asian Para Games
and silver at the 2025 ASEAN Para Games, signaling the growing
strength of para sport in the region. |
The full line-up of Global Team Toyota Athletes include:
| Country | Name of Athlete | Sport | Status |
| Indonesia | Muhammad Fadli Imamuddin | Para Cycling | New for 2026 |
| Malaysia | Muhammad Ammar Aiman Nor Azmi | Para Athletics | New for 2026 |
| Philippines | Carlos Yulo | Gymnastics | Continuing |
| Philippines | Ernie Gawilan | Para Swimming | Continuing |
| Singapore | Toh Wei Soong | Para Swimming | Continuing |
| Thailand | Kunlavut Vitidsarn | Badminton | Continuing |
| Vietnam | Lê Văn Công | Para Powerlifting | Continuing |
"At Toyota, sport is a reflection of the human experience — the hope, the doubt, the dignity in defeat and the joy of moving forward together.
Across Asia, our seven Global Team Toyota Athletes embody that spirit, and it is our privilege to stand beside these athletes that continue to inspire and demonstrate how far dedication and courage can take them, both in competition and beyond.
Their journeys highlight the power of sport and its ability to open up new possibilities. Through Move Your World, we aim to support their ambitions in the lead-up to Aichi-Nagoya 2026, and to work alongside them in creating lasting impact in the communities that shaped them." — Preston Tan, Vice President, Toyota Motor Asia
Dual Hero Projects: Turning Athlete Journeys into Community Impact
As part of the long-standing partnership with athletes in Asia, Toyota continues to drive positive impact through its Dual Hero Projects. Launched in 2018, the initiative pairs each athlete with a Toyota-supported project tied to a cause they care deeply about – extending their impact beyond competition and into the communities that shaped them. Since its inception, the programme has supported over 20 athlete-led initiatives across the region.
In Singapore, Paralympic swimmer Toh Wei Soong co-created a 16-piece adaptive fashion collection that challenges perceptions of disability through inclusive design. In the Philippines, Paralympic champion Ernie Gawilan led a nationwide coastal cleanup and mangrove restoration initiative, mobilizing more than 1,300 volunteers across 33 sites and planting over 10,000 mangroves – restoring the very waters that accompanied his journey as an athlete.
Similar Dual Hero Projects will be developed with each Asia GTTA across the span of our partnership with them.
Sport at the heart of Move Your World
As preparations for Aichi-Nagoya 2026 begin, Toyota's expanded Asia athlete line-up brings together athletes who are not only striving for sporting excellence but also working to move their communities forward. Through sport, advocacy and local action, their journeys reflect the spirit of Move Your World – a belief that movement is most powerful when it opens doors for others.
About Toyota Motor Asia
Toyota Motor Asia is the regional corporate headquarters and subsidiary of Toyota Motor Corporation, based in both Singapore and Thailand.
Toyota Motor Asia leads and supports the Asia Pacific region in Sales and Marketing activities, Service Parts, Accessories and Customer Services, Product Planning, Production Control & Logistic, and Aftersales thus contributing to the overall development of auto industry and the growing economies in the region.
Toyota envisions the future mobility society to bring freedom of movement to all. Moving forward, Toyota will provide a diverse range of mobility services and transportation solutions to people around the world as we transform Toyota into a mobility company.
About Move Your World
Move Your World is Toyota's regional brand platform across Asia, built on the belief that mobility is more than movement — it is what allows people to participate, to belong and to thrive. Through music, sport and community, Move Your World invites everyone in Asia to look up, to join, and to move the world forward, together.
SINGAPORE, June 5, 2026 /PRNewswire/ -- Toyota Motor Asia (TMA) today announced its refreshed line-up of seven Global Team Toyota Athletes (GTTAs) representing six countries across Southeast Asia, on the road to the Aichi-Nagoya 2026 Asian Games and Asian Para Games. The roster includes two new para-athletes, alongside returning athletes from the Paris 2024 cycle. This is also unified under Toyota's regional brand platform, Move Your World, and reflects the company's enduring belief that sport reveals what it truly means to be human.
Two new athletes join the Asia line-up
Fresh to the team are Indonesia's Muhammad Fadli Imamuddin and Malaysia's Muhammad Ammar Aiman Nor Azmi, who will join five Global Team Toyota Athletes from Indonesia, Malaysia, Philippines, Singapore, Thailand and the Vietnam across a range of sporting disciplines. Since 2018, Toyota has partnered with over 20 Global Team Toyota Athletes in Asia, supporting athletes who not only represent sporting excellence, but also embody the power of movement to drive progress beyond competition. As Toyota continues to evolve, its athlete partnerships remain a key expression of its Move Your World philosophy, where mobility extends beyond movement to create access, opportunity and progress within communities. Through the Global Team Toyota Athletes, Toyota continues to champion sport as a platform for inspiration, inclusion and meaningful community impact.
| Name of Athlete | Background |
| Indonesia's Muhammad
Fadli Imamuddin | Began his sporting career as a professional motorcycle racer
before a racing incident in 2015 led him to transition to para
cycling. He returned to competition in 2017 and has since
represented Indonesia internationally, claiming gold at the
2025 ASEAN Para Games, while mentoring the next
generation of riders through his motorcycle racing school. |
| Malaysia's Muhammad
Ammar Aiman Nor Azmi | Progressed from school-level competitions to the
international stage, steadily building a reputation as a
consistent performer in para-athletics. His achievements
include winning gold at the 2022 Asian Para Games
and silver at the 2025 ASEAN Para Games, signaling the growing
strength of para sport in the region. |
Name of Athlete
Background
Indonesia's Muhammad
Fadli Imamuddin
Began his sporting career as a professional motorcycle racer
before a racing incident in 2015 led him to transition to para
cycling. He returned to competition in 2017 and has since
represented Indonesia internationally, claiming gold at the
2025 ASEAN Para Games, while mentoring the next
generation of riders through his motorcycle racing school.
Malaysia's Muhammad
Ammar Aiman Nor Azmi
Progressed from school-level competitions to the
international stage, steadily building a reputation as a
consistent performer in para-athletics. His achievements
include winning gold at the 2022 Asian Para Games
and silver at the 2025 ASEAN Para Games, signaling the growing
strength of para sport in the region.
The full line-up of Global Team Toyota Athletes include:
| Country | Name of Athlete | Sport | Status |
| Indonesia | Muhammad Fadli Imamuddin | Para Cycling | New for 2026 |
| Malaysia | Muhammad Ammar Aiman Nor Azmi | Para Athletics | New for 2026 |
| Philippines | Carlos Yulo | Gymnastics | Continuing |
| Philippines | Ernie Gawilan | Para Swimming | Continuing |
| Singapore | Toh Wei Soong | Para Swimming | Continuing |
| Thailand | Kunlavut Vitidsarn | Badminton | Continuing |
| Vietnam | Lê Văn Công | Para Powerlifting | Continuing |
Country
Name of Athlete
Sport
Status
Indonesia
Muhammad Fadli Imamuddin
Para Cycling
New for 2026
Malaysia
Muhammad Ammar Aiman Nor Azmi
Para Athletics
New for 2026
Philippines
Carlos Yulo
Gymnastics
Continuing
Philippines
Ernie Gawilan
Para Swimming
Continuing
Singapore
Toh Wei Soong
Para Swimming
Continuing
Thailand
Kunlavut Vitidsarn
Badminton
Continuing
Vietnam
Lê Văn Công
Para Powerlifting
Continuing
"At Toyota, sport is a reflection of the human experience — the hope, the doubt, the dignity in defeat and the joy of moving forward together.
Across Asia, our seven Global Team Toyota Athletes embody that spirit, and it is our privilege to stand beside these athletes that continue to inspire and demonstrate how far dedication and courage can take them, both in competition and beyond.
Their journeys highlight the power of sport and its ability to open up new possibilities. Through Move Your World, we aim to support their ambitions in the lead-up to Aichi-Nagoya 2026, and to work alongside them in creating lasting impact in the communities that shaped them." — Preston Tan, Vice President, Toyota Motor Asia
Dual Hero Projects: Turning Athlete Journeys into Community Impact
As part of the long-standing partnership with athletes in Asia, Toyota continues to drive positive impact through its Dual Hero Projects. Launched in 2018, the initiative pairs each athlete with a Toyota-supported project tied to a cause they care deeply about – extending their impact beyond competition and into the communities that shaped them. Since its inception, the programme has supported over 20 athlete-led initiatives across the region.
In Singapore, Paralympic swimmer Toh Wei Soong co-created a 16-piece adaptive fashion collection that challenges perceptions of disability through inclusive design. In the Philippines, Paralympic champion Ernie Gawilan led a nationwide coastal cleanup and mangrove restoration initiative, mobilizing more than 1,300 volunteers across 33 sites and planting over 10,000 mangroves – restoring the very waters that accompanied his journey as an athlete.
Similar Dual Hero Projects will be developed with each Asia GTTA across the span of our partnership with them.
Sport at the heart of Move Your World
As preparations for Aichi-Nagoya 2026 begin, Toyota's expanded Asia athlete line-up brings together athletes who are not only striving for sporting excellence but also working to move their communities forward. Through sport, advocacy and local action, their journeys reflect the spirit of Move Your World – a belief that movement is most powerful when it opens doors for others.
About Toyota Motor Asia
Toyota Motor Asia is the regional corporate headquarters and subsidiary of Toyota Motor Corporation, based in both Singapore and Thailand.
Toyota Motor Asia leads and supports the Asia Pacific region in Sales and Marketing activities, Service Parts, Accessories and Customer Services, Product Planning, Production Control & Logistic, and Aftersales thus contributing to the overall development of auto industry and the growing economies in the region.
Toyota envisions the future mobility society to bring freedom of movement to all. Moving forward, Toyota will provide a diverse range of mobility services and transportation solutions to people around the world as we transform Toyota into a mobility company.
About Move Your World
Move Your World is Toyota's regional brand platform across Asia, built on the belief that mobility is more than movement — it is what allows people to participate, to belong and to thrive. Through music, sport and community, Move Your World invites everyone in Asia to look up, to join, and to move the world forward, together.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Toyota Asia Names Seven Athletes to Global Team Toyota Roster for Aichi-Nagoya 2026
