Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.
The International Financial Center (IFC) in Yeouido, Seoul has found a new owner after a long bidding and selection process. This is the largest transaction in Korean commercial real estate market history. The six-month journey began in the latter half of 2021 when Brookfield Asset Management selected Eastdil Secured as the IFC sales manager. The first round of bidding in late December 2021 was followed by the second round in mid-February 2022, culminating with the third round of bidding in mid-April 2022. Mirae Asset Management outperformed all other bidders to acquire the IFC. This marks the first time that Yeouido IFC has had a Korean owner. The asset was initially […]
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Content Editor, Seoul Property Insight(SPI)
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