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NH Nonghyup Financial Group Completes Acquisition of D Tower Donuimun

2024. 11. 18 · 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.

    NH Nonghyup Financial Group has completed the acquisition of D Tower Donuimun. Mastern Investment Management has selected NH Nonghyup REITs Management as the preferred bidder for the D Tower Donuimun, located near Seodaemun Station, which was put up for sale in July ahead of fund maturity. NH Nonghyup REITs Management utilized NH Nonghyup Financial Group funds to complete the transaction, and the Group subsidiaries plan to move into the building. NH Nonghyup Financial Group affiliates are already located near Seodaemun Station right next to D Tower Donuimun. The asset is being acquired for KRW 895.3 billion. The price per 3.3㎡ exceeds KRW 34 million. This is the second-largest […]

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