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Gravity Eying Hansem HQ Building, Turning to Sub-regions in Response to High Replacement Cost Burden

2024. 04. 23 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

  Gravity Asset Management was recently selected as the preferred bidder for the Hanssem Sangam headquarters building located in Sangam-dong, Mapo-gu, Seoul. The building is being sold directly by Hanssem. Sangam DMC (Digital Media City) was planned by former Seoul Mayor Go Geon in the early 2000s. The purpose was to create a world-class digital media industrial complex ahead of the 2002 Korea-Japan World Cup. The project hoped to attract media companies, broadcasters, newspapers, and tech companies so that it would become the representative business district in northwest Seoul. Looking at Sangam today, it’s uncertain whether this plan has been realized. The sale of the Sangam DMC landmark site by […]

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