The term ‘trophy asset’ entered the Korean commercial real estate market’s vocabulary with the emergence of Yeouido IFC. IFC is a complex of several assets, including office buildings, a hotel, and retail. It has a total floor area of 150,000 pyeong, of which the office area alone amounts to approximately 99,700 pyeong. With IFC being traded in 2016, the value of this trophy asset became the center of attention in the Seoul and nationwide commercial real estate market. Before that, Samsung Town at Gangnam Station, which was completed in the late 2000s, was also of a size comparable to a trophy asset, but when the IFC was […]