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Morgan Stanley Investing in Shilla Stay Seodaemun

2025. 03. 20 · 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.

    The new investor who will acquire the Shilla Stay Seodaemun, which has been up for sale since the end of 2023, has been revealed. Shilla Stay Seodaemun was acquired by IGIS Asset Management for KRW 110 billion in 2015. Shilla Stay Seodaemun, located next to Seodaemun Station, opened its doors in 2015 and has a total of 319 rooms spanning from the 4th basement level to the 27th floor. IGIS selected JLL Korea as its sales advisor at the end of 2023 to kickstart the sale, and conducting the first bid in April last year. However, the prices offered by the bidders were below the book value, so […]

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