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Weekly Korean Market Update (11/27~12/3)

2023. 12. 04 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    IGIS Asset Management’s Germany Trianon Building EOD Crisis Averted IGIS Asset Management has avoided an EOD crisis for the Trianon office building in Germany. The company invested using money raised from institutional and individual investors. The loan matured on November 30, but negotiations with lenders were successful, ending in a standstill that extends the current loan agreement for three months. IGIS now has an extension until February 2024. However, the outlook remains bleak. The very fact that the lenders decided to maintain the status quo rather than immediately declare EOD proves that there is currently no good solution for the Trianon Building. Even with an EOD that freed […]

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