A Glimpse into the Competitive Landscape of the 2022 Commercial Real Estate Market in Tower 8 Sale

2022. 07. 22 · 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.

Located in the city center, Tower 8 has been put up for sale amidst a slow commercial real estate market in the aftermath of the interest rate hike. DWS Asset Management is currently in the process of selecting a manager for the sale. Tower 8 is located between Gwanghwamun Station and Jonggak Station in Cheongjin-dong, Jongno-gu, Seoul. The excellent location makes this a stable asset with no vacancy risk. Completed in 2015, the office building has 7 basement levels and 24 above-ground levels, and a total floor area of 51,654 square meters. CJ Logistics, which is currently using the Seosomun Korea Express Building, is planning to move to Tower 8. […]

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Byungki Koh

Content Editor, Seoul Property Insight(SPI)

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