Located in the heart of Myeongdong, Cheonghui Building, which received investment from Morgan Stanley, is being put up for sale. Cheonghui Building was acquired in 2017 by IGIS Asset Management, SK D&D, and Morgan Stanley. The three companies previously collaborated in 2016 through the acquisition of Gwanghwamun Susong Square (now Semicolon Susong) and joined forces once again with the acquisition of Cheonghui Building. At the time of acquisition, SK D&D, IGIS, and Morgan Stanley planned to remodel the old Cheonghui Building, which was completed in 1969 and had been standing for nearly 50 years, to enhance its asset value. The existing building that was previously used as a […]