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Nuveen’s Changing Presence in Seoul Office Market, Selected as Preferred Bidder for Jeongdong Building on Fourth Attempt

2024. 07. 09 · 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.

  Foreign asset management companies and institutional investors based in the United States and Europe are finding it difficult to invest in office markets in Asia, which are relatively stable, due to the significant decline in their home office markets caused by the spread of COVID-19 and the increase in remote working culture. The difficulty of convincing their headquarters to invest in offices is a common complaint among foreign asset managers. However, in the case of Seoul, there are foreign companies that selectively invest in office spaces, saying that the fundamentals of the office market in Seoul are better than any other city in the world. The Asset located near […]

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