SPI Weekly Korean Market Update(2021.10.24~10.31)

2021. 11. 01 · 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.

BNK Management to Acquire Seoul City Tower Near Seoul Station BNK Asset Management has been selected as preferred bidder for the sale of Seoul City Tower, which is located next to Seoul Station. The purchase amount is in the mid-range of prices, at KRW 500 billion, or KRW 27 million per 3.3m2. BNK participated in the bidding alongside Metheus Asset Management and KB Asset Management. Seoul City Tower was completed in January 2002 and has a total floor area of 60,011.05m2, with 8 basement levels and 23 above-ground levels. In 2007, Kocrep NPS No. One Real Estate Management Company acquired the building for KRW 318.5 billion. There has been a […]

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Korean Market Update

※The copyright of the content is on the Seoul Property Insight (SPI) and may be subject to legal sanctions for unauthorized capture or illegal publication.

Byungki Koh

Content Editor, Seoul Property Insight(SPI)

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