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IFC will hits fund maturity date, is expected to start sale next year It’s been five years since the IFC (Yeouido International Finance Center) was sold. Recently, there’s been talk of selling it again. Brookfield’s real estate fund, which acquired IFC, expires at the end of this year. Considering that the sale has not begun yet, the sale is unlikely to happen this year. There are few vacant offices, but its hotel and retail spaces that were directly hit by the pandemic have caused the sale period to be adjusted. IFC owner Brookfield is expected to begin sale of the fund next year after extending the fund’s maturity first. […]
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Content Editor, Seoul Property Insight(SPI)
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