There was considerable market concern over Samsung SDS Tower near Jamsil Station, which was traded in October last year, even before it was put up for sale. It was expected that it would be difficult to find investors because it is so large and liquidity is lacking, and Jamsil is a sub-area, rather than a major office district, in the Seoul office market. Perhaps because of such concerns, the seller, Yukyung PSG Asset Management, also began considering an exit strategy in mid-2022, more than a year before the fund’s maturity (January 2024). The request for bid proposal (RFP) was sent in July 2022, and subsequently a sales […]