TPG Angelo Gordon has partnered with Mastern Investment Management to complete a KRW 360 billion refinancing for Hyde Park Myeongdong. Hyde Park Myeongdong is an asset that was acquired by Mastern 2017 in partnership with TPG Angelo Gordon, and a redevelopment of the former KB Kookmin Bank Myeongdong headquarters. Completed in September 2021, it has a total floor area of 26,698.89 square meters. It is a 19-floor mixed-use facility with three basement levels featuring retail space and a hotel. The building’s completion coincided with the height of COVID-19, which caused some difficulties, but a 100% rental rate was achieved last January, after the Myeongdong commercial district recovered from […]