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The IFC (Yeouido International Finance Center) is up for sale. It’s been five years since Brookfield acquired the asset via AIG at the end of 2016. Located in Yeouido-dong, 23 beon-ji, Yeoungdeungpo-gu, Seoul, IFC is a complex containing three office buildings, a hotel, and a retail shopping center. The site has an area of 33,058㎡, the offices taking up 505,000㎡ of floor area, and retail 36,942㎡. There is also the Conrad Hotel with 434 rooms. This is expected to be a super-sized deal, which is rare for a single asset. This also holds true globally. Bidders are expected to be from among large domestic institutions and leading foreign investors. […]
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Content Editor, Seoul Property Insight(SPI)
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