Koramco Acquires Gwanghwamun Crescendo Building for KRW 556.7 billion Koramco REITs & Trust is acquiring the Crescendo Building, a prime office in Gwanghwamun, for KRW 556.7 billion. Investment banking sources confirmed on April 15 that Koramco is completing the transfer of ownership registration along with the payment of the balance on April 18. The Koramco Sustainable Growth Office Blind Fund is being used for the acquisition. This is the fund’s third investment following East Central Tower in Cheonho-dong and Gangnam P Tower in Yangjae-dong, with the Public Officials Benefit Association (POBA) participating as an anchor investor. Crescendo Building is the former headquarters of Kumho Asiana Group. Currently, Kim […]