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Foreign Investment Giants M&G and GIC Bet on Pangyo’s Alpharium Tower

2021. 10. 25 · 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.

The emerging office market in Pangyo has been receiving plenty of attention from Korean investors. It’s even been given the nickname of Korea’s ‘Silicon Valley’ thanks to its prominent IT tenants like Kakao and Naver. Its office market is also booming, with a vacancy rate near zero. Bidding for Pangyo’s Alpharium Tower, held on October 21, reflected the high level of interest in the area’s office market. Alpharium Tower is situated at the heart of Pangyo, which is of course Pangyo Station. Alpharium Tower, completed in 2015 is comprised of two buildings with three basement levels, 13 above-ground levels, for a total floor area of 123,699m2. Currently owned by Singapore’s […]

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