Seoul office space continues to be an investor favourite, with news of IGIS and the National Pension Service lining up a $724 million bid for a commercial tower in the city leading today’s headline roundup. Also in the news, The… Read More>>
KB Asset Management Buys Samsung SDS Tower for $630M in Korea’s Largest Deal of 2023
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>>
S&P Goes Negative on GLP and GLP China and More Asia Real Estate Headlines
Scepticism of Chinese property companies may now be spreading even to the much admired logistics sector as a credit rating giant unveils a dimming outlook for GLP. Also in the news today, Evergrande has $4.5 billion of fresh debt trouble… Read More>>
KB Asset Management Sells Seoul’s Jongno Tower to SK REIT for $431M
South Korea’s KB Asset Management has sold a 33-storey office building in Seoul to a REIT controlled by local conglomerate SK Group for KRW 621.5 billion ($431.7 million) after securing debt financing in a challenging borrowing environment.
SK REIT, which… Read More>>
Korea’s KB Asset, NH Investment Buy Dallas Complex for Reported $370M
A fund managed by Seoul-based KB Asset Management has purchased a landmark development in Dallas, Texas, reportedly teaming up with its compatriots at NH Investment & Securities to lasso the commercial complex for $370 million.
The asset management arm of… Read More>>