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GIC Completes Sale of Gwanghwamun Premier Place for KRW 167 billion

2025. 12. 01 · 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 media company Money Today has acquired Premier Place in Gwanghwamun being sold by the Government of Singapore Investment Corporation (GIC). Located along Cheonggyecheon Stream, Premier Place is an office building with a total floor area of 16,443.05 square meters. It was acquired by GIC in 2004. GIC began acquiring properties in the early 2000s, starting with Gwanghwamun Seoul Finance Center (SFC), followed by Premier Place, The Exchange Seoul (TES), and the NIA Building (partially owned), and at one point, it even pursued integrated development. However, as the development plan did not go as desired, GIC began to actively sell off assets in the Gwanghwamun area starting from […]

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