Assets Flooding Seoul Office Market While the global commercial real estate market is unmoving in the aftermath of interest rate hikes, assets for sale are pouring into the Seoul office market. These assets include Mastern Investment Management’s Gangnam Finance Plaza and Arc Place on Teheran-ro, Gangnam, which is Blackstone’s first sale in Korea. Tower 730 near Jamsil Station is being sold by Hyundai Investment Asset Management, while Daishin 343 sold by Daishin Financial Group, Gwanghwamun K Square City sold by Koramco Trust, and Namdaemun HSBC Building sold by KClavis Asset Management are among the sales going on currently. On the basis of the strong fundamentals of the Seoul office, […]