“Strategic Investor”, or SI for short, has been one of the major keywords used to describe the recent Seoul office market. SI have been supporting activity in the Seoul office market amid sluggish investment from institutional investors due to a cocktail of factors such as high interest rates and a higher prevalence of remote working situations. However, unlike in the US and Europe where office prices have plummeted, SI have shown willingness to acquire properties to the extent that Korea has seen relatively little price adjustment. As seen in the case of Samsung Fire & Marine Insurance’s acquisition of Gangnam Station’s The Asset, led by Samsung SRA Asset […]