Asia real estate and outbound investment news
Singapore sovereign fund GIC has completed the sale of a central Seoul office tower to an investor group including South Korea’s National Pension Service and Koramco Asset Management for KRW 247.7 billion ($180 million).
The deal value for The Exchange… Read More>>
New home prices dropped still faster in September despite recent government moves to support the sector, with that news leading Mingtiandi’s headline roundup today. Also making the list is a Chinese data centre operator buying a Malaysian site and Vietnam… Read More>>
A private REIT of South Korean fund manager Koramco has sold an office tower in Seoul’s Gangnam business district to Samsung SRA Asset Management for KRW 1.1 trillion ($820 million).
The disposal of The Asset Gangnam by Kocref 43 REIT… Read More>>
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>>
Seoul continues to stand out as Asia’s hottest market for office properties with Singapore’s CapitaLand Investment now in late stage negotiations for the acquisition of a tower in the Gangnam business district owned by Korea’s NPS for a reported KRW… Read More>>
Blackstone has closed on Korea’s biggest real estate asset transaction of this year, with the company confirming that it has sold Arc Place in Seoul to local fund manager Koramco.
The 62,748 square metre (675,414 square foot) property is changing… Read More>>
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 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>>
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>>
BlackRock’s appointment of a new head of Japan real estate leads this week’s roundup of personnel moves from around the region, with Hines selection of a top executive for its Korean business also getting some virtual ink. There are also… Read More>>
