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Weekly Korean Market Update(10/7~10/13)

2024. 10. 14 · 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.

    Seoul Station North Development Project Completes KRW 2 trillion PF, Construction to Begin Within Year The mixed-use development project nicknamed the ‘COEX of Gangbuk’ located on the north side of Seoul Station will finalize funding and begin construction before the end of the year. KB Kookmin Bank is responsible for financial brokerage and recently concluded a real estate PF recruitment of KRW 2.105 trillion. Primary investors include the Korea Development Bank, NH Nonghyup Bank, IBK Industrial Bank, and Woori Bank, while KB Insurance, KB Capital, and KB Securities participated as secondary investors. The Seoul Station North Mixed-Use Development Project includes development of residential officetel, offices, and accommodation facilities […]

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