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Atmospheric Changes at the Donghwa Building

2022. 08. 23 · 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.

These days, the Seoul commercial real estate market is seeing several major assets change hands. Kohlberg & Kravis Roberts (KKR) has selected IGIS Asset Management as the preferred bidder for the sale of the Incheon (Seo-gu, Seoknam-dong) Coupang logistics center, and DWS Asset Management (along with investors GIC and CPPIB) have selected Mastern Investment Management as preferred bidder for the Concordion Building sale. Since the end of July and into early August, the only place where an agreement was not made was Icon Yeoksam, which is being sold by M&G Real Estate The bidding context surrounding these three assets are a good reflection of the current market atmosphere. With no […]

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