Deutsche Bank's real estate investment management arm RREEF has scooped a KRW 500 bn (EUR 315 mln) separate account mandate from Korea's largest insurance business, Samsung Life, to invest in core real estate in gateway cities in Europe and the US. Samsung Life has been one of Korea's leading life insurance companies for over 50 years.

'This exciting win demonstrates RREEF's deep local investment talent in key target investment markets,' said Niel Thassim, head of RREEF Asia Pacific. 'The considerable advantage of having local professionals in the home markets of our clients, a global cross-border structuring and risk management team, and the strong support of Deutsche Bank forms a strategic model that resonates with Asia Pacific investors.'

RREEF invests in Asia Pacific for its US and European clients, and manages capital globally for clients from Korea, Australia, Japan, China, Malaysia, Taiwan and Hong Kong. In 2010, RREEF executed over EUR 650 mln of transactions in Asia Pacific and raised over EUR 2 bn of new capital from Asia Pacific clients to invest in RREEF products around the world.