The new owner of Tower 8 near Jonggak Station has been selected. Completed in 2015, the office building has seven basement levels and 24 above-ground levels, and a total floor area of 51,654 square meters. Recently, the fundamentals of the Seoul office market have been strong, and thanks to its good location, Tower 8 has received plenty of attention from investors. Liquidity has dried up with rising interest rates since early 2022, but this didn’t stop IGIS Asset Management, Mastern Investment Management, Koramco REITs & Trust, and Samsung SRA Asset Management from participating in the October 6 bidding. IGIS was originally selected as the preferred bidder, but the […]