The steady stream of global asset management companies into Magok continues. Magok is experiencing a large influx of office supply this year as it grows into a new office district. One Grove (CP4), with a total floor area of 95,000 pyeong, has attracted attention not only in Korea but also in the global commercial real estate market since its completion at the end of September. The attention stems from the fact that National Pension (NPS), a major player in the global capital market, invested KRW 800 billion in the project. While Magok is relatively unknown in the Seoul office market, many global managers are opening offices there based […]