PLP Architecture London wins design competition for sustainable architecture in South Korea
PLP Architecture, based in London, has won a design competition to create South Korea’s first Net Zero National Meteorological Center in Daejeon in collaboration with PLP Labs, POSCO A&C, and A10.
JLL advises Blackstone on Seoul office sold for USD $587.8 million
Arc Place sold to a domestic Korean investor Koramco REIT represents one of the largest Seoul office transactions since 2020 says Stuart Crow, CEO, Capital Markets, Asia Pacific, JLL.
ESR Completes the First Phase of its Largest Development Project in China
ESR Group Limited (“ESR” or the “Company”, together with its subsidiaries, the “Group”; SEHK Stock Code: 1821), APAC’s largest real asset manager powered by the New Economy, has completed phase one of the Qingpu Yurun Logistics Park in Shanghai in September 2023, with a GFA of about 344,840.745...
ESR successfully completes 100% pre-leased, landmark logistics complex Pyeongtaek South Korea
ESR Group Limited (“ESR” or the “Group”; SEHK Stock Code: 1821), APAC’s largest real asset manager powered by the New Economy, announced that its South Korean platform, ESR Kendall Square, has completed Pyeongtaek Logistics Park, a landmark Class A, 190,000 sqm logistics complex in Pyeongtaek,...
ESR KendallSquare REIT recaps logistics asset in S. Korea 81 billion KRW
ESR KendallSquare REIT (365550 KS) has achieved a significant milestone by successfully selling a logistics asset for 81 billion KRW (approximately US$62 million), this transaction has garnered an impressive total investment return of c.30% over a period of 2.5 years
Colliers Korea achieves success in May with closure of three major transactions worth USD780 million
Leading diversified professional services and investment management company Colliers announces a highly successful month in May, marked by the completion of three significant deals with a combined value of USD780 million (KRW1 trillion), marking the only major transactions closed in the Seoul...
While rents in Seoul’s major retail districts have drifted sideways in 2022, future rental growth will be determined in part by the attractiveness of the physical store in providing customer experiences.” Says 2023 Korea Retail Market Outlook Report by Savills, Simon Smith Savills Regional Head...
JLL appoints Kevin Hou as Managing Director for Taiwan
JLL (NYSE: JLL) announced the appointment of Kevin Hou as Managing Director of JLL Taiwan. Tony Chao will become Executive Chairman of JLL Taiwan office and will continue to support the growth of the company businesses in Taiwan.
GIC and ESR establish a US$600 million Joint Venture to invest in Core Industrial and Logistics Assets in India
GIC and ESR Group Limited ("ESR"; SEHK Stock Code: 1821) announced, an 80:20 strategic partnership to establish a US$600 million joint venture ("Core JV") to acquire income-producing core industrial and logistics assets in India.
JLL advises on sale of Seoul’s Jongno Tower sold to SK REITs $431.7m
JLL acted as joint exclusive sale advisors with Avison Young Korea as Jognno Tower Seoul sold by KB Asset Management for KRW621.5 billion ($431.7 million) to SK REITs. Chaehun Chang, Managing Director of JLL Korea said, "This is a testament to the unwavering demand for investment in landmark...
