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Weekly Korean Market Update (5/6~5/12)

2024. 05. 13 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    Singaporean Equalbase Purchases Icheon-Baeksa Site for Logistics Development Equalbase, a comprehensive development company headquartered in Singapore, purchased 31,800㎡ of land in Icheon-Baeksa with the goal of developing a class A logistics center. With a total floor area of approximately 41,800 m2, the company will invest the total development cost of KRW 79 billion. The property is scheduled to be completed in the first quarter of 2026. This project will be funded through the Amberock Korea II fund, which is managed by Northmod, the investment arm of Equalbase. The construction will be a 6-story building with access to all floors, a ceiling height of 8.2-8.7m, and a floor load […]

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