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Why Hong Kong Investors are Selling Seongsu-dong Assets to a Private Equity Firm

2022. 06. 19 · 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.

Three major office buildings in Seongsu-dong have been sold all at once. Seongsu-dong attracted a large amount of institutional and foreign investment starting in around 2020. Many big players have already entered Seongsu-dong, such as the Government of Singapore Investment Corporation (GIC), a big player in the Korean commercial real estate market, and the National Pension Service (NPS), the Korea Teachers’ Credit Union (KTCU), and the Public Officials Benefit Association (POBA), the three largest institutions in Korea actively investing in real estate. Real estate asset management companies such as IGIS Asset Management, Mastern Investment Management, Mirae Asset Management, Eden Investment Management, and IGIS Neo Value Asset Management have already secured […]

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