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Including Eland Park and Bears Town Pocheon, 16 Operating Assets, Assets Under Development, and Vacant Plots Being Sold

2025. 03. 07 · 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.

    Major companies are accelerating their asset liquidation. Recently, Eland Group has joined the trend of liquidating non-core assets, following KT, KT&G, DL Group, Lotte Group, Hyundai Motor Group, CJ Korea Express, and others. Eland Group-affiliated hotel and resort Eland Park, which has halted operations, as well as assets under construction, and vacant plots of land are all being prepared for liquidation. Eland Park has selected EY Hanyoung as the sales advisor and distributed relevant materials to key potential buyers earlier this year. There are 16 assets in total that will be sold. This includes 1 asset under construction, 9 assets that have ceased operations, and 6 plots of […]

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