Weekly Korean Market Update (8/8~8/14)

2022. 08. 16 · SPI

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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Namsan Grand Hyatt Hotel Parking Lot Site For Sale The parking lot site for the Namsan Grand Hyatt Hotel has been put up for sale. In November last year, a PFV formed by Eden Asset Management and developer UOD formed a consortium to purchase the site from Seoul Miramar Corp. (SMC) for KRW 200 billion. The Eden-UOD consortium is in the process of selling the site directly without a sales manager. The sale is appearing rushed because short-term profits are expected amid increasing burdens on construction and financing costs. The site is 8,757 square meters of residential land, including the Hyatt Hotel and an additional area to the southwest. There […]

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Korean Market Update

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