After a long drought, a large office transaction in the Seoul office market has been completed. The Concordion Building located in Gwanghwamun was officially traded on April 14. Mastern Investment Management acquired the Concordion Building from DWS Asset Management for approximately KRW 629 billion, or KRW 34.5 million per 3.3 square meters. The long journey has taken around nine months, beginning in early August last year. There were many twists and turns, with crises along the way nearly cancelling the deal. But now the determination to seal the deal has paid off. For Mastern, this is a case of ‘patience is bitter, but its fruit is sweet’. This is […]