Gangnam Finance Plaza (GFP) which came onto the market late last year was much sought after by many asset management companies and investors. After the bidding held at the end of last year, Leading Asset Management was selected as preferred bidder after recruiting IBK Capital, a strategic investor (SI), but was unable to close the deal. Then, K-REITs Investment Management attempted to acquire GFP so that a subsidiary could use the building, but failed to recruit investors, resulting in the deal falling apart once again. KB Asset Management was third in line, and was planning to use its core blind fund for the acquisition. Ultimately it was determined […]