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GIC Chooses Change: CBRE New Property Management for Seoul Finance Center

2021. 12. 24 · 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.

The property management industry has undergone much change this year, as 2021 is looking like an important junction for the sector. Yeouido’s IFC (International Finance Center) has been in the process of selling, and LG Group’s affiliate S&I Corporation’s facility management department was acquired by global private equity fund manager Macquarie Asset Management. The addition of Macquarie to the property management industry may be a signal that other competitors may look to enter the industry as well. RSQUARE, a proptech company that provides real estate data, has also expanded into the property management business. With assets becoming more differentiated based on asset class, property management is becoming more important as […]

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