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Weekly Korean Market Update(12/02~12/08)

2024. 12. 09 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    SFC Acquisition Battle between BGO, Hyundai Investment & Securities, and Koramco REIT Has Declared a Winner On December 2, a bidding was held for the sale of Seoul Finance Center (SFC) by the Government of Singapore Investment Corporation (GIC). This SFC sale has attracted attention as GIC is selling the asset after 25 years. The keywords associated with this bidding were ‘Foreign Major Players’ and Koramco Internal Competition’. Leading global asset management firms such as Blackstone, Kohlberg & Kravis Roberts (KKR), and BentallGreenOak (BGO) all considered participating in the bidding, while three Koramco companies discussed their participation – a Koramco Trust REIT, and two companies within Koramco Asset […]

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