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>>
Samsung Life to Acquire 25% Stake in Savills Investment Management for $90M
Savills Investment Management is taking its penchant for Korean partners to another level after its parent company agreed to sell a 25 percent stake in the fund manager to Seoul-based insurance giant Samsung Life for £63.75 million ($90.4 million).
The… Read More>>
JP Morgan Selling 195 Broadway in NYC to Korean Investors for $500M
JP Morgan has reached an agreement to dispose of Manhattan’s landmark 195 Broadway to a consortium led by Korea Investment & Securities and Samsung SRA Asset Management for KRW 600 billion ($500 million), according to the Korea Economic Daily.
JP… Read More>>
Keppel Capital Buys Trio of Seoul Office Buildings From Samsung SRA for KRW 430B
Singapore private equity firm Keppel Capital has agreed to purchase a set of three Seoul office buildings for a combined KRW 430 billion ($370.5 million), according to an announcement by the firm on Monday.
Keppel Capital is buying the asset… Read More>>
Frasers Property in Talks for Sale of SG’s Frasers Tower and More Asia Real Estate Headlines
A mysterious suitor, or group of suitors leads Asia’s real estate headlines today as they kick the tires on Frasers Tower in Singapore’s Tanjong Pagar area.
The Lion City also figures into the sale of a 3.8 percent stake in… Read More>>
Keppel Capital Locks into $400M Talks for Trio of Seoul Office Buildings
Keppel Capital’s Korean unit has been named the preferred buyer for a trio of Seoul office buildings valued at a combined KRW 450 billion ($400 million), according to a report in The Korea Economic Daily.
The private equity unit of… Read More>>
IKEA Opens First India Store in Hyderabad and More Asia Real Estate Headlines
India looms large in the region’s real estate world today as the subcontinent gets its first IKEA shop, and one of the country’s biggest landlords unveils a 1.1 million square metre lease just before it launches India’s first REIT with… Read More>>
HNA Sells Minneapolis City Center Complex to Samsung SRA For $320M
HNA Group continues to shed US assets to pay off its debt burden, with the Hainan-based conglomerate this past week having been reported this past week to have sold the Minneapolis City Center mall and an adjacent office building for… Read More>>
Samsung Unit Pays $656M for Seoul Office Asset and More Asia Real Estate Headlines
Leading today’s roundup, the real estate investment arm of Samsung Life Insurance has scooped up a twin-tower office complex in downtown Seoul, paying a record price per square metre for a commercial building in the city. Meanwhile in Sydney, Dalian… Read More>>