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KT Estate-LaSalle Acquires Development Sites for Yeoksam Office, Expanding “Large Plate” Project

2024. 10. 04 · 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.

    Last year, Hyundai Motor Group acquired a 50% share in Scale Tower from SK D&D for KRW 54 million per 3.3 square meters with a plan to develop an office space 15,543.06 square meters in size. However, during the development process, to enhance the value of the office, nearby sites were integrated and developed alongside the original project, resulting in the completion of a large-scale prime office with a total area of 49,361.46 square meters, more than three times larger than originally planned. The total floor area has of course largely increased as well. One of the reasons Hyundai Motor highly values the Scale Tower is for its […]

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