KOR | ENG

Namsan Millennium Hilton Resolves Ownership Transfer Issue, Securing KRW 2.2 trillion in Demolition PF by Mid-May

2025. 04. 16 · Byungki Koh
0

Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    The Iota Seoul Project, which IGIS Asset Management is promoting in the Seoul Station area, is moving forward as it overcomes each new obstacle. The obstacle of ownership transfer has been a major issue, but has finally been resolved. Accordingly, the Iota Seoul project, which includes Namsan Millennium Hilton Hotel, Seoul Tower, and Metro Tower, is expected to gain momentum. Iota Seoul Project is a large-scale urban regeneration project targeting the area between Seoul Station and Namsan Park. IGIS acquired the three properties in preparation for the project. When the Iota Seoul Project is completed, it will feature a new mixed-use space with a total floor area of […]

Please Register or Login to read the contents.