Majestar City Tower One, an office building located in Seocho-dong, Seocho-gu, Seoul, which is sold by Invesco, has finally found an exit. The deal was closed after a five-month run since the bidding was held on May 23. On the 18th, Koramco REITs & Trust completed the acquisition of Majestar City Tower One. KORAMCO was mentioned as a strong acquisition candidate from the get-go. As it already owned the twin tower, Majestar City Tower Two, it understands the competitiveness of the building’s location and the asset value. Owning both towers can create synergies between the two assets. However, KORAMCO unexpectedly lost to fashion company F&F in the bidding […]