Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.
Large assets continue to appear on the market. Some assets, such as the Concordion Building, that were expected to be put up for sale upon the start of the payback period, while others came up for sale faster than expected, such as Yanji Logistics sold by Invesco or Samsung SDS Tower sold by Ryukyung PSG Asset Management. There a few overlapping factors such as interest rate hikes and increasing construction costs that are making the commercial real estate market more unpredictable. Assets are being rushed to sale amid this volatility. Kohlberg & Kravis Roberts (KKR) is pushing for the sale of another large property, Namsan Square. KKR sent a Request […]
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Content Editor, Seoul Property Insight(SPI)
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