The Government of Singapore Investment Corporation (GIC), a major player in the Korean commercial real estate market, has finally established a relationship with IFC. Considered one of the most influential foreign institutional investors in the Korean commercial real estate market, GIC has been regarded as a strong acquisition candidate whenever the IFC, a trophy asset representing Seoul, comes up for sale. When IFC was put up for sale in late 2021, the total expected sale price was over KRW 4 trillion, making the scale so large that the number of potential acquirers was limited. It was an asset most likely to attract institutions with significant influence in the […]