When Brookfield put Yeouido IFC up for sale last year, investors were primarily interested in it as an office asset. That’s because while the global office market took a big hit from the COVID-19 pandemic, the Seoul office market was enjoying a boom on its own. All investors were focused on the office part of the asset. Plenty of attention is paid to such a ‘trophy asset’ like the IFC because they are rare in Korea. It is one of the outstanding flight-to-quality assets in the Korean office market. However, the sale was ultimately canceled due to the asset’s size and lack of liquidity that was the result […]