Office buildings put up for sale by foreign management companies are finding new owners. DWS Asset Management sold the Gwanghwamun Concordian Building to Mastern Investment Management last April, and also sold Jonggak Tower 8 to Mirae Asset Management last August. In addition, Koramco Asset Trust was selected as the preferred bidder for Majestar City Tower One being sold by Invesco. The transaction is currently in progress. The sale of these office buildings did not go smoothly. The Concordian Building sale concluded nine months after bidding, while Tower 8 went through two bidding processes, the second a year after the first transaction failed. Additionally, the fashion company F&F was […]