The asset management arm of Korean financial services giant KB Financial Group has completed its KRW 850 billion ($630 million) purchase of the Samsung SDS Tower in Seoul, according to a statement by property consultancy Colliers, in Asia’s second largest… Read More>>
Invesco Sells Seoul Office Tower to Koramco Fund for $387M
Seoul’s buoyant office market has provided an opportunity for one of the biggest US property investors to nearly double its money, with Invesco Real Estate announcing today that it has sold Majestar City Tower B, an office block in the… Read More>>
Blackstone in Due Diligence for Korea’s Biggest Real Estate Sale of 2023
Blackstone has entered the final stages of a deal to sell Arc Place, a trophy office tower in Seoul, in what would rank as Korea’s largest real estate sale of this year, according to sources familiar with the discussions.
The… Read More>>
CapitaLand Investment Expands Core-Plus Fund into Korea with $83M Logistics Buy
Singapore-listed CapitaLand Investment (CLI) has acquired a newly built logistics facility near Seoul, South Korea for S$112 million ($82.5 million), making its first buy in Korea and the initial industrial deal on behalf of its flagship regional core-plus fund.
CLI’s… Read More>>
China Home Price Slide Accelerates and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, official stats reveal China’s deepening home price skid, and developer Sino-Ocean suspends debt payments for lack of ready cash. Also making waves are ESR’s new logistics park in India and Fantasia’s restructuring deal.
Logos Buys Newly Built Warehouse as Company’s Second Asset in South Korea
Logos has acquired a newly built logistics facility in Greater Seoul for an undisclosed price, adding a second asset to the industrial specialist’s portfolio in South Korea.
Known as Logos Yeoju Logistics Center, the fully dry warehouse is located along… Read More>>
Panel: Opportunities for Data Centres in Japan and Korea MTD TV APAC Data Centre Forum 2023
With an IT industry ranked as the world’s third largest at JPY 51 trillion ($370 billion), Japan is looking to double its battery of server racks from around 138,000 in 2023 to 272,000 in 2027, according to Fuji Chimera Research… Read More>>
Keppel Funds Buy Seoul Office Tower, Boosting Korean Portfolio to $2B
Two private funds of Singapore’s Keppel Corp have acquired an office tower in the Seoul CBD for an undisclosed amount, increasing the conglomerate’s South Korean assets under management to nearly KRW 2.6 trillion ($2 billion).
The Bank of Korea’s Sogong… Read More>>
Singapore’s CDL Buys Seoul Hotel From Shinhan REIT for $110M
City Developments Ltd has acquired a 408-room hotel in Seoul for KRW 140 billion ($110 million), betting on strong demand driven by international visitors to South Korea.
Singapore’s biggest non-state-controlled developer bought the Nine Tree Premier Hotel Myeongdong II from… Read More>>
ESR Kendall Square REIT Sells Greater Seoul Warehouse to Koramco for $63M
ESR Kendall Square REIT has sold a warehouse southeast of Seoul to Koramco Asset Management for KRW 81 billion ($63.4 million) as the REIT makes space in its portfolio for a pair of newly built facilities.
The Korea-listed REIT announced… Read More>>
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