KKR consortium poised to buy $1 bn Seoul office tower

A consortium of KKR & Co. and South Korea’s IGIS Asset Management Co. Ltd. on March 30 was selected as a preferred buyer of twin office towers in ...

Blackstone, Korea Post among bidders for $1 bn new office tower in Seoul

Twin office towers under construction in Seoul, worth an estimated 1.1 trillion won ($1 billion), have attracted Blackstone Group, Korea Post and five...

Mirae Asset’s unit buys Morgan Stanley’s new Scotland head office building

Multi Asset Global Investments Co. Ltd., wholly owned by South Korea’s Mirae Asset Global Investments Co. Ltd., has acquired Morgan Stanley’s new head...

Anbang Life-backed fund buys Seoul building for $225 mn

A fund led by a South Korean unit of China’s Anbang Life Insurance Co. Ltd. has bought a prime office building in Seoul for 240 billion won ($22...

IFM Investors opens Seoul office; upbeat on renewable energy

Australia’s IFM Investors opened its eighth global office in Seoul on Nov. 30, at a time when key South Korean asset owners stressed the importance of...

Ascendas-Singbridge buys mid-sized building in Seoul for $92 mn

Singapore’s Ascendas-Singbridge Group closed the acquisition of a newly-built office building in Seoul for S$124.3 million ($92.3 million) this week, ...

KIC CIO to speak in global real estate, infrastructure summit in Seoul

Korea Investment Corporation (KIC) Chief Investment Officer Shinwoo Kang will give a keynote speech in a global real estate and infrastructure summit ...

PAG buys Seoul office building from POBA-led fund for $270 mn

Asia-based investment firm Pacific Alliance Group (PAG) has bought an office building in southern Seoul from a fund led by the Public Officials Bene...

Korean opportunistic properties attract Morgan Stanley, StanChart PE funds

Global investment firms such as Morgan Stanley, Standard Chartered Private Equity and Angelo, Gordon & Co. have joined bids for two South Korean...

Carlyle to consolidate Seoul office, putting ADT Korea back up for sale

The Carlyle Group will consolidate its South Korean operations divided into buyout and growth capital units by combining them, after the three-men gro...

Veteran Korean real estate investor sees growth in Seoul office building market

Low foreign ownership, swelling assets at South Korean institutional investors and small office space per worker all point to growth potential for...

US Prudential unit to buy Seoul office building for $157 mn amid vacancy concerns

PGIM Inc. a unit of U.S. Prudential Financial Inc., will acquire an office building in central Seoul for 184 billion won ($157 million) from a South K...

GIC, NPS invest $136 mn each in Korea’s retail complex near Seoul

The Government of Singapore Investment Corporation (GIC) and the National Pension Service (NPS) have bought equity stakes in a fund launched to buy a ...

Korean funds mull $260 mn mezzanine financing for Brookfield’s IFC Seoul purchase

Brookfield Asset Management is in talks with the Korean Teachers’ Credit Union (KTCU) and a state-run mortgage lender to secure 300 billion won ($261 ...

Brookfield tipped to buy IFC Seoul for about $3 bn: CIC, NPS may join financing

Asset management firm Brookfield has made a bid “far higher than market expected” to buy a landmark in central Seoul, IFC Seoul, from the ...