The Samsung Heavy Industries Pangyo R&D Center, located in Sampyeong-dong, Bundang-gu, Seongnam, Gyeonggi-do, is finally going to have a new owner. Samsung Heavy Industries publicly announced that it would be selling its Pangyo R&D center for KRW 400 billion to improve financial integrity and secure investment funding. IGIS Asset Management (IGIS Long WALE REIT No. 1) will be purchasing in a 10-year sales and leaseback structure. The building was already ready for sale for several years. Samsung Heavy Industries established a management improvement plan of approximately KRW 1.45 trillion in May 2016 and submitted it to KDB Industrial Bank, revealing plans to sell real estate assets which included […]