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Weekly Korean Market Update(12/23~12/29)

2024. 12. 30 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    IGIS Asset Management Approved for Redevelopment of Seoul Station Hilton Site IGIS Asset Management is accelerating the pace of its Seoul Station area redevelopment project. IGIS announced that it has released the business implementation plan for the redevelopment project of the former Millennium Hilton site located near Seoul Station. The project has participation from shareholders IGIS Asset Management, Hyundai Construction, and Shinhan Financial Group. IGIS acquired Millennium Hilton in early 2022 and has been pursuing the redevelopment project in conjunction with acquisitions of nearby Seoul Tower and Metro Tower. The Millennium Hilton site will be developed into a multi-use facility that includes offices, retail, and a hotel for […]

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