Rutter Private Equity Acquires Parking Lot of Namsan Hyatt Hotel A PEF from Rutter Private Equity has acquired the Namsan Hyatt Hotel parking lot in Yongsan-gu, Seoul for KRW 222.3 billion. The site purchased is 747-1, Hannam-dong, Yongsan-gu, Seoul, as well as six other sites that amount to 11,306㎡ of land and 1,578㎡ of building area. The asset was acquired for KRW 210 billion in 2021 by a consortium including Edn Investment Management and the developer UOD to develop it into a high-end residential complex. However, due to setbacks in the form of development approval delays, it failed to repay the loan that was due last year. In the end, […]