A unit of Korea’s Mirae Asset Financial Group has agreed to purchase the State Tower Namsan in Seoul for KRW 588.6 billion ($507 million), according to a statement last week from a brokerage representing the seller of the 24-storey office… 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>>
Lohas Park MTR Project Pulls 11 Bids and More Asia Real Estate Headlines
The sale of a jumbo-sized housing plot in the New Territories has brought Hong Kong’s MTR Corporation a bumper crop of bids as the real estate market in the world’s priciest city shows signs of recovery.
The Asian financial hub’s… Read More>>
Keppel REIT Buys PGIM Office Asset for $221M to Break into Seoul Market
Singapore-listed Keppel REIT has agreed to acquire a freehold Grade A office building located in Seoul’s central business district from PGIM Real Estate, for 252.6 billion won ($221 million), according to an annoucement by the listed trust’s manager.
Keppel REIT… Read More>>
Korea’s NH Investment, ARA Team Up for $890M Seoul Office Buy
A fund managed by Singapore’s ARA Asset Management has agreed to purchase the iconic Seoul Square building from KR1 CR REIT, a locally-listed trust whose largest shareholder is a division of Singapore’s Keppel Capital.
The deal, which is said by… Read More>>
KPF’s Lotte World Tower in Seoul Wins Super Skyscraper Title
The cloud-breaching Lotte World Tower in Seoul has been recognized as the best new skyscraper in the world, beating out Zaha Hadid Architects’ Generali Tower in Milan and 150 North Riverside Plaza in Chicago.
The tapered 555-metre, 123-storey glass and… Read More>>
Singaporean Investor Buys Seoul Hotel for $31M
Singapore-listed Datapulse Technology has announced that it has agreed to purchase the 127-room Hotel Aropa in Seoul for KRW 35 billion ($31 million), becoming the second Singaporean firm within the past month to acquire a Korean hotel, despite fears of… Read More>>
Ascendas Hospitality Trust Buys Second Seoul Hotel for $69M
Ascendas Hospitality Trust continues to expand its presence in Seoul as the manager of the Singapore-listed trust has agreed to purchase its second hotel in the South Korean capital in less than seven months.
The trust, which already owns a… Read More>>
M&G Confirms $1B Buy of Seoul’s Centropolis — Largest Korean Property Deal Ever
M&G Real Estate, together with a pair of Korean pension funds, has purchased Centropolis Towers in Seoul for 1.18 trillion won ($1 billion). The transaction, the largest single real estate deal in the country’s history, was completed as the office… Read More>>
HNA Said Shopping Radisson Hotels Amid Cash Crunch and More Asia Real Estate Headlines
China’s troubled HNA Group leads the region’s real estate news again today as the once-trigger happy buyer continues to unload assets around the globe. Chen Feng’s transport and tourism-focused group is now said to be selling off Minnesota’s Radisson Hotel… Read More>>
