Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.
As the bidding deadline for the Yeouido International Financial Center(IFC) approaches, market interest only grows stronger. Competition has amped up since the 2016 sale only five years ago. That sale was conducted for foreign investors only, and domestic institutional investors were not invited. Although the transaction took place in Korea, it was off the radar for Korean institutions and managers. But this time is different. At least eight companies are showing interest, including 3 to 4 domestic real estate asset management companies, large financial holding companies and investment banks(IBS), and real estate companies with strong ownership. Big players such as the National Pension Service and the Korea Teachers’ Credit Union […]
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Content Editor, Seoul Property Insight(SPI)
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