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Bithumb Searches Gangnam High and Low for New Home, Finally Welcomed by Gangnam N Tower

2025. 02. 13 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    Bithumb has been mentioned as a strong candidate for the acquistion of KOREIT Tower, NC Tower 1, and T412, all buildings situated along Teheran-ro. Foreign investors and institutional investors are taking a step back in the Seoul office market, while strategic investors (SI) are leading the Seoul office transaction market, with Bithumb being considered one of the companies primed to acquire an office building in Gangnam. Accordingly, real estate asset managers and sales advisors in Gangnam have made efforts to connect with Bithumb whenever office properties are available. But just like with T412 in 2023 and KOREIT Tower last year, Bithum has lost every bid.     Bithumb […]

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