IGIS Asset Management headquarters in Seoul South Korea’s top real estate asset management firm IGIS Asset Management Co. plans to sell a controlling stake owned by the heirs of the company's late founder and some major stakeholders.According to investment banking sources on Thursday, Son
KDB Life Tower in Seoul (File photo by Moon-Chan Hur) CJ Olive Young Corp., South Korea’s top beauty store chain, has been given priority rights to buy an office building in Seoul for about 680 billion won ($472 million), beating other bidders including global real estate investor Bentall
One Grove in Magok, Seoul The National Pension Service (NPS) has completed the purchase of One Grove for 2.3 trillion won ($1.6 billion), its largest single real estate investment in South Korea, according to industry sources on Thursday.The world’s third-largest pension scheme poured 820
The Crescendo Building in central Seoul Koramco REITs Management & Trust Co., a leading South Korean real estate firm, has been chosen as the preferred negotiator to buy the Crescendo Building in central Seoul.Koramco said it beat two short-listed rivals – Shinhan REITs Management Co.
Centre Point Gwanghwamun in Seoul's central business district (File photo by Koramco) South Korea’s Koramco REITs Management & Trust Co. is poised sell a prime office building in Seoul in an estimated 400 billion won ($272 million) deal, investment banking industry sources said on Mon
Front view of The Asset (center) The Seoul office market bounced back for the first time in four years in 2024, with transaction volume soaring 78.7% to 13.4 trillion won ($9.1 billion) from the year prior, according to GenstarMate, a South Korean real estate research firm.Core office buildings
Seoul Finance Center (File photo downloaded from SFC's website) Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund, dropped the sale of a landmark building in Seoul due to the prolonged political woes in South Korea with President Yoon Suk Yeol impeached o
Crystal Park in Paris (Screenshot captured from CBL website) South Korean institutional investors are offering rescue financing for overseas office buildings, which their local peers have yet to exit, as they are selectively resuming global real estate investments.Amid signs of a recovery in th
Daishin Securities headquarters in Euljiro, Seoul (Courtesy of Yonhap) Daishin Securities Co. has called off a plan to sell its headquarters building in a central business district of Seoul to NH-Amundi Asset Management Co. for 660 billion won ($497 million) after the latter failed to recruit i
KT&G’s office tower in Bundang, Seongnam on sale (File photo by KT&G) KT&G Corp., the world’s fifth-largest tobacco maker, is set to sell an office tower in South Korea to a local asset manager for an estimated 120 billion won ($90 million) to restructure its real estate
Noon Square (File photo by IGIS Asset Management) IGIS Asset Management Co., one of Asia's largest real estate investment firms, is seeking to sell a building backed by South Korea’s National Pension Fund (NPS) in Seoul for up to 400 billion won ($293.6 million).IGIS on Thursday sent requ
Hanwha Group's headquarters building (Courtesy of Hanwha) Hanwha REIT Co., a real estate investment arm of South Korea’s No. 7 conglomerate Hanwha Group, said on Monday that it is poised to acquire the group’s headquarters building for 808 billion won ($584.2 million) from Hanwha Li