2022. 05. 16 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.
Seongsu-dong began to attract attention in the 2010s. The popular Daerim Warehouse opened in 2011 by renovating a former warehouse, while Jagmachi was opened in a remodeled printing factory in 2014. After that, a series of popular cafes and restaurants began opening in the area, leading institutional and foreign investors to show interest around 2020. In 2020, LB Asset Management partnered with the Government of Singapore Investment Corporation (GIC) to acquire Acro Seoul Forest, while the National Pension Service (NPS), the Korea Teachers’ Credit Union (KTCU), and the Public Officials Benefit Association (POBA) all made investments in Seongsu-dong. The neighborhood has also attracted large managers such as IGIS Asset Management, […]
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Content Editor, Seoul Property Insight(SPI)
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