CJ Group will acquire the CJ Cheil Jedang Building located in Sangnim-dong, Jung-gu, Seoul. The CJ Building was completed in late 2010, and since its completion, CJ affiliates including CJ Freshway, CJ Foodville, and CJ Cheil Jedang continue to use it as their headquarters. The building has 5 basement levels and 20 above-ground floors, with a total floor area of 84,000㎡. At the time of its completion, Macquarie Real Estate Korea acquired a REIT with full National Pension Fund investment (the building’s purchase price at the time was KRW 334 billion), and then in 2013, ARA Korea acquired Macquarie Korea and it was operated as a REIT until […]