[Full Story]IFC Begins Sale

2021. 11. 11 · 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.

Yeouido IFC (International Financial Center) is available for sale. Brookfield Asset Management, IFC’s current owner, has started the process of selling its property. This is five years after Brookfield decided to acquire the asset from AIG. Located at 23 Yeouido-dong, Yeongdeungpo-gu, Seoul, the IFC is a complex comprised of three office buildings, a hotel and a shopping mall. It has a site area of 33,058㎡, with office buildings taking up 505,000㎡ of gross floor area, and retail taking up 36,942㎡. The Conrad Hotel is also housed within IFC, containing 434 guest suites. For a single asset, this sale is expected to be a rare blockbuster deal. A property this large […]

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Byungki Koh

Content Editor, Seoul Property Insight(SPI)

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