Central Seoul building sold USD$242 million by Colliers and Savills
Allerman has acquired a 19-story building in central Seoul for USD$242 million from Hanwha Asset Management with the assistance of Colliers and Savills Korea.
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.
Colliers completes Korea’s largest commercial property deal of the year
Samsung SDS Tower sold for USD 630 million through Sungwook Cho of Colliers Korea. The landmark transaction also marks the largest single-asset office transaction in the Asia Pacific region this year.
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...
JLL advises Mirae Asset Global Investments on prime Seoul office transaction
JLL announced that it has advised Mirae Asset Global Investments on the sale of Alphadom Tower in the Pangyo Business District in Seoul. Acting as the sole sales advisor, JLL negotiated the transaction on behalf of Mirae Asset Global Investments to buyer...
ESR successfully completes a landmark, Class A 150,000 sqm logistics complex in the prime Gimpo market in South Korea
ESR Group Limited, APAC’s largest real asset manager powered by the New Economy, today announced that its South Korean subsidiary, ESR-Kendall Square, has completed the Geomdan Logistics Park, a landmark, Class A 150,000 sqm logistics complex in the prime Gimpo market in South Korea.
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...
South Korea’s First Hilton Garden Inn Opens in Seoul
Hilton (NYSE: HLT) announced the opening of Hilton Garden Inn Seoul Gangnam, marking the first Hilton Garden Inn in South Korea. Situated in the center of...
ESR Kendall Square REIT adds US$94.2 million Yongin BRIC logistics asset to portfolio
ESR Kendall Square REIT (the “REIT”; 365550 KS) has successfully completed another acquisition of a recently completed mixed-use logistics facility for US$94.2 million (or KRW 103 billion). This acquisition comes on the heels of last week’s successful drop down of the 11th asset “Anseong LP”....