The controversy surrounding the sale of Centerfield is growing. Located in the Yeoksam area of Gangnam along Teheran-ro, (231 Teheran-ro, Gangnam-gu, Seoul), the property has a total floor area of 239,252 square meters, consisting of two buildings: West (with seven basement levels and 36 above-ground floors) and East (with seven basement levels and 35 above-ground floors), composed of office, hotel, and retail spaces. It is considered a super-prime asset, a symbol of flight-to-quality, and is leased by major domestic conglomerates and IT companies such as Shinsegae affiliates, Krafton, Facebook, and Amazon. Both office and retail spaces of this ‘super core’ asset have a zero vacancy rate, while the […]