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Daishin Securities Not Selling Euljiro Building to NH-Amundi but Continues with Sale

2024. 09. 05 · 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.

    Daishin Securities has been promoting the sale of its headquarters building in Euljiro, Daishin 343, but has decided not to sell the building to NH-Amundi Asset Management. This sale has been ongoing since last year, when an MOU was signed with IGIS Asset Management and pursued a sale, but the deal fell through. Since then, Mastern Investment Management and NH-Amundi Asset Management have shown interest this year. Daishin Securities then signed an MOU with NH-Amundi Asset Management to complete the sale, and NH-Amundi planned to acquire the building for KRW 660 billion. The task of investor recruitment, however, has not gone smoothly. The price from NH-Amundi for Daishin […]

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