Transactions in the large-scale office market in Seoul screeched to an abrupt halt in response to rising interest rates and the collapse of the Yeouido IFC sale last year. In the city center (CBD), the Concordion Building and Tower 8 were both put up for sale last year but faced delay or cancellation. In this context, the Concordion Building transaction will be a welcome change to the Seoul large-scale office market. Concordion Building in Gwanghwamun, central Seoul, being sold by DWS Asset Management. The Concordion Building received investment from Singapore’s GIC and Canada’s CPPIB in a JV structure. After bidding in August of last year, Mastern Investment Management was selected […]