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Mastern Gives Up Tmark Grand Hotel Myeongdong Sale After GIC Exit

2022. 11. 09 · 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.

‘It ain’t over till it’s over’ This is the famous saying by New York Yankee legend Yogi Berra. It’s an important thing to remember in this commercial real estate market environment. Assets are dropping off the market since the Yeouido IFC chose a preferred bidder but could not complete the sale. None of the sellers who have selected preferred bidders can sit comfortably until the assets are officially sold. This includes the Incheon Seo-gu Seoknam-dong Coupang Logistics Center, Concordion Building, Tower 8, and Samhwan Building, among others. Loans are getting even more difficult to get, while equity investment is sparce. On top of this, asset prices are only going to […]

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