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Mirae Asset Considering Sale of Shanghai Mirae Asset Tower, a 20-year Investment

2024. 08. 08 · 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.

    Mirae Asset Financial Group began its overseas real estate investment with the Shanghai Mirae Asset Tower project in the Pudong area of Shanghai’s financial district. In April 2006, Mirae Asset acquired Shanghai Mirae Asset Tower, which was under development at the time, for KRW 385 billion. The Shanghai Mirae Asset Tower was completed in 2008, and is often cited as a prime example of successful overseas real estate investment by Mirae Asset, as its asset value has greatly increased with the development of the surrounding area. Mirae Asset further expanded from Shanghai to the United States, Europe, Australia, and Brazil, investing in foreign real estate such as offices, […]

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