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The volume of investment in commercial real estate in Seoul and the adjacent Bundang district came to 1.9 trillion won ($1.7 billion) through 20 deals in the first quarter of this year, data showed on April 24. The figure rose 68 percent on-quarter, amid the realty market’s potential to deliver l...
Mirae Asset Daewoo said on April 18 that it has invested $243 million in mezzanine debt for Goldin Financial Global Centre in eastern Kowloon Bay, Hong Kong. Related: Mirae Asset to buy Majunga Tower in Paris for W1tr Mirae Asset Daewoo to inject US$300m to buy Hong Kong skyscraper Mirae Asset...
US-based commercial real estate services and investment firm CBRE has tapped Sean Choi as head of capital market business at its Korean unit, according to the firm on April 8. Choi’s responsibilities will range from property sales and acquisitions to valuations as well as management of domestic a...
Commercial office buildings in Seoul saw their vacancy rates fall in the first quarter of 2019, data showed April 5. For Grade A office buildings in Seoul’s three major districts, the average vacancy rate came to 9.1 percent in the first quarter of 2019, down 1.2 percentage points on-quarter, acc...
A consortium involving South Korean investment vehicles has been selected as the preferred bidder for acquiring Rustonka office buildings located in Prague, Czech Republic, from Cypriot company Gramexo, according to investment banking sources on March. 13. By April, some 210 billion won ($185.56 m...
A consortium led by Korea‘s investment bank Mirae Asset Daewoo has been named as the preferred bidder to buy Majunga Tower, an office building located in Paris roughly valued at 1 trillion won (US$888.97 million), the company said on March 3. Related: [INTERVIEW] Forex hedging, diversification b...
The value of properties owned by 365 subsidiaries and affiltes of five family-run conglomerates in Korea have seen their value rise to a combined 79.6 trillion won (US$71.15 billion) as of end-2017, data showed on Feb. 26. Of the total, realty assets for the purpose of capital gains such as profit...
Although investments in the European real estate market have declined from the Asia-Pacific region, Korea has bucked the trend. In 2018, the volume of APAC investment into European office buildings shrank 12 percent on-year to 17.4 trillion won (US$15.5 billion), according to the latest estimates ...
[THE INVESTOR] Co-living, a flexible, community-driven housing, is heating up in big cities with high rents and few affordable housing options. The operators, mostly startups, offer fully furnished apartments, common areas and a sense of belonging. That’s why they are often called “dorms for gro...
[THE INVESTOR] Korea’s National Pension Service has recently been named a preferred bidder to acquire Goldman Sachs’ new headquarters building in London for about 2 trillion won (US$1.70 billion), according to Korea Economic Daily on Aug. 3. If the deal is signed as planned, it would be the lar...
[THE INVESTOR] Korea Asset Investment Management, an affiliate of Korean real estate company MDM Group, has recently closed a deal worth 175 million pounds (US$229.90 million) to acquire UK’s Gallagher Shopping Park from US private equity giant Kolberg Kravis Roberts, according to news reports on...
[THE INVESTOR] A consortium led by NH Investment Securities and Koramco REITS Management has recently been named a preferred bidder to acquire Samsung C&T’s headquarters building in southern Seoul, according to industry sources on July 2. The deal price is estimated to reach a whopping 750 billi...
[THE INVESTOR] The Investor has joined hands with experienced real estate consultancy Golden Planners to help you find the office space you always wanted. Golden Planners is who closed the deal when Google Campus Seoul -- the first in Asia -- opened in Seoul's Daesang Building, also known as Au...
[THE INVESTOR] KT AMC, real estate investment management arm of telecom giant KT, has acquired new office building Summit Tower in downtown Seoul for more than 800 billion won (US$747.20 million), according to industry sources on June 4. Hanho Construction, owner and developer of the 20-story bui...
[THE INVESTOR] Kumho Asiana Group is selling its headquarters building in central Seoul for 418 billion won (US$388 million) to Deutsche Asset & Wealth Management, according to industry sources on May 10. Deutsche was named a preferred bidder for the sale in March and has been conducting due dili...
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