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CBRE, Korean Commercial Real Estate Transactions in Q1 Reach KRW 3.8 trillion, Increase of 12

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.

    CBRE Korea announced on the 22nd that the transaction volume for Korea’s commercial real estate investment market in the first quarter of the year was KRW 3.8039 trillion, an increase of approximately 12% compared to the same period last year. Office asset transaction volume was approximately KRW 2.7943 trillion, accounting for 73.5% of the total volume. With the completion of transactions of large assets in the CBD and Gangnam, volume increased 2.5 times compared to the same period last year (KRW 1.0401 trillion). Major transactions in the office market in the first quarter include Koramco REITs & Trust’s purchase of Arc Place in Gangnam from Blackstone for KRW […]

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