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Weekly Korean Market Update (6/17~6/23)

2024. 06. 24 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    IGIS Asset Management Transforming Seoul Station’s Seoullo Tower into 35-floor Office Building IGIS Asset Management is redeveloping an integrated Metro Tower, Seoul Plaza, and Seoullo Tower into a 35-floor office building. The assets are situated between Seoul Station and Namsan Park. Seoul City approved this redevelopment plan at a recent Urban Planning Commission meeting. The approved building density is up to 50% coverage ratio and up to 1166% floor area ratio. The second basement level to the first floor will have open green spaces and neighborhood facilities connected to underground passages, and the top floor will be open to the public, allowing anyone to enjoy a panoramic view […]

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