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GIC Invests in Pangyo Core Asset Alphadom City The Government of Singapore Investment Corporation (GIC) has invested in Pangyo Alphadom City, considered a key asset for the Pangyo area, often called Korea’s Silicon Valley. Tech 1 Tower (Alphadom City 6-2) is being leased by Naver. GIC purchased a 45.08% stake in the building from Naver. Tech 1 Tower was completed at the end of 2021. The office building has seven basement levels and 15 above-ground floors. It is located in Baekhyeon-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, with a total floor area of 197,171.79㎡. In February 2018, Naver invested KRW 196.3 billion in Mirae Asset Maps General Private Real Estate Investment Trust […]
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