The media company Money Today is acquiring Premier Place in Gwanghwamun. Premier Place, sold by the Government of Singapore Investment Corporation (GIC), is an attractive asset in terms of location and size, which led to a fierce bidding war. In the bidding held on August 22, 13 participants including real estate asset management companies, institutional investors, and strategic investors (SI) took part, and the seller selected 8 places for a shortlist and conducted interviews. The seller has been carefully advancing the sale process, including the final shortlist of Koramco Asset Management, the Correctional Mutual Aid Association, and Money Today. All three places have proven their financial strength, but […]