Weave Living and KKR have expanded their North Asian living sector cooperation with a joint venture between the rental housing specialist and the US private equity firm picking up its third property in South Korea less than a year and… Read More>>
Blackstone Teams With Korea’s Blue Cove to Buy Gangnam Tower for $86M
US private equity giant Blackstone has joined forces with Korean asset manager Blue Cove Investment to acquire an office building in Seoul’s Gangnam business district for KRW 120 billion ($86 million), according to sources familiar with the transaction.
Manhattan-based Blackstone… Read More>>
CapitaLand Fund Buys Seoul Office Tower From Korea’s NPS for $330M
Singapore’s CapitaLand Investment has completed its KRW 440.8 billion ($330 million) purchase of the Golden Tower office building in Seoul’s Gangnam business district from South Korea’s NPS on behalf of a new private fund.
The fund management arm of property… Read More>>
Korea’s Lotte REIT Buys Gangnam Commercial Tower From Mastern Fund for $247M
A real estate investment trust sponsored by Korea’s fifth largest conglomerate is acquiring its first non-retail asset with Lotte REIT announcing on Monday that it is buying a hotel and office tower in Seoul’s Gangnam district from a vehicle controlled… Read More>>
LaSalle IM Completes $115M Acquisition of Gangnam Office Site at 33% Discount
LaSalle Investment Management has completed the acquisition of an office site in Seoul’s Gangnam business district after having submitted the winning bid in a non-performing loan collateral auction for the project two months ago, as office assets in the… Read More>>
Mastern Sells Seoul Office Tower to Apparel Giant for $261M
Korea’s Mastern Investment Management sold a nearly-completed office building in Seoul’s Gangnam business district late last month as Korea’s office market continues to defy a global slowdown.
The real estate fund manager, which manages over 150 assets worldwide, announced in… Read More>>