M&G Real Estate, a UK-based real estate asset management company, has invested in Conrad Hotel Seoul, one of the components of Yeouido IFC. Last year, ARA Asset Management acquired Conrad Hotel Seoul and is now acquiring a portion of the profit securities. ARA Asset Management acquired the hotel from Brookfield Asset Management for KRW 415 billion last year. Brookfield Asset Management pursued the sale of IFC at the end of 2021, but Mirae Asset Management, which had been selected as the preferred bidder, was unable to finalize the deal due to interest rate hikes and difficulties in raising funds. Since then, in the second half of 2023, Brookfield […]