The Government of Singapore Investment Corporation (GIC), a major player in the Korean commercial real estate market, has withdrawn the sale of it’s asset, Seoul Finance Center (SFC) that it has held for 25 years. GIC held the bidding for SFC on December 2. This asset is highly symbolic of GIC and attracted a lot of attention even before the bid was held. Leading global asset management firms such as Blackstone, Kohlberg & Kravis Roberts (KKR), and BentallGreenOak (BGO) all considered participating in the bidding, while two Koramco companies discussed their participation — a Koramco Trust REIT and Koramco Asset Management.     SFC Bidding Fails to Meet […]