The preferred bidder for Voco Seoul Myeongdong, notable for being the first hotel bidding of the year, is Singapore-based asset management company CapitaLand Investment. The price proposed by CapitaLand is in the high KRW 360 billion range, or...
IGIS Asset Management has decided to withdraw the sale of Centerfield. IGIS had sent out a Request for Proposal (RFP) for the selection of a sales advisory firm on January 14 and was scheduled to receive proposals from the sales advisory firms by January...
Koramco is making bold moves to take the lead in the data center market. K Square Data Center in Gasan was Koramco’s first data center project that was revealed June last year. Currently, Koramco is developing hyperscale data centers in Uijeongbu, Ansan,...
Last week, the simple average yield of the 22 domestically listed REITs recorded 0.15%, remaining steady with similar returns to the previous week. The REITs market has recorded positive rates of return for four consecutive weeks in the new year, but the...
Greetings from SPI editor Koh Byung-ki. The following is my weekly commentary on the third week of 2026. Last week, the commercial real estate market in Seoul was focused entirely on issues related to Centerfield. Centerfield is owned by IGIS Asset...
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