Asia real estate and outbound investment news
Seoul-based EDN Investment Management has sold a pair of mid-rise office towers in the South Korean capital to BentallGreenOak for KRW 385 billion ($297.3 million) amid volatile financial conditions in the local market.
The firm had acquired the GB I… Read More>>
Singapore’s Keppel Land has teamed with private funds managed by Keppel Capital to buy a Seoul office tower for KRW 220 billion ($170 million), sounding an upbeat note for South Korea’s commercial property market after the country saw investors pull… Read More>>
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>>
Mirae Asset Global Investments’ $3 billion purchase of the International Finance Center Seoul has fallen apart, with the Korean asset manager now pursuing arbitration against Brookfield Asset Management, the owner of the commercial complex, in an attempt to retrieve a… Read More>>
Industrial developer and fund manager Logos has set up its second partnership with Canadian finance giant Manulife, establishing a Korean core joint venture seeded with the $200 million forward purchase of a warehouse project near Seoul.
Upon completion in early… Read More>>
Singapore-based hyperscale specialist Empyrion DC plans to invest up to $400 million developing a green 40-megawatt data centre in Seoul’s Gangnam district, as it joins the growing squad of foreign firms crowding into South Korea’s digital infrastructure market.
The subsidiary… Read More>>
Private equity giant KKR is set to enlarge its footprint in South Korea’s real estate market, teaming up with longtime local partner IGIS Asset Management to acquire Shinhan Investment Corporation’s Seoul headquarters for KRW 639.5 billion ($487 million).
Shinhan Investment… Read More>>
M&G Real Estate on Thursday announced its purchase of a 97 percent stake in a Greater Seoul office building for KRW 264.5 billion ($214.6 million), marking the UK fund manager’s fourth acquisition in South Korea since 2020 on behalf of… Read More>>
The vacancy rate in Seoul’s Grade A office sector fell to 4 percent in the first three months of the year, the lowest level since 2010, with a lack of new supply signalling a landlord’s market for at least the… Read More>>
The Canada Pension Plan Investment Board has revealed its latest splash in Asia’s data centre market, announcing a KRW 200 billion ($160 million) joint venture to develop the largest carrier-neutral hyperscale data centre in South Korea.
The Jukjeon Data Centre… Read More>>
