Asia real estate and outbound investment news
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>>
A real estate investment trust sponsored by Korea’s fifth largest conglomerate is acquiring its first non-retail asset with Lotte REIT announcing on Monday that it is buying a hotel and office tower in Seoul’s Gangnam district from a vehicle controlled… Read More>>
LaSalle Investment Management has acquired a pair of logistics facilities in Greater Seoul for a total of $450 million, as the US firm continues to chalk up deals in South Korea.
The two large, dry-only sheds are located next to… Read More>>
Macquarie Asset Management has agreed to acquire the 40-megawatt Hanam Data Centre near Seoul for KRW 734 billion ($530 million), confirming June reports that the Aussie firm was in due diligence to buy the soon-to-be-completed facility from South Korea’s IGIS… Read More>>
LaSalle Investment Management has completed the acquisition of an office site in Seoul’s Gangnam business district after having submitted the winning bid in a non-performing loan collateral auction for the project two months ago, as office assets in the… Read More>>
Seoul’s red-hot office market has produced another big-ticket deal, with Mastern Investment Management revealing its forward purchase of an under-development building north of the Han River for KRW 310 billion ($220 million).
The 11-storey office block is being constructed by… Read More>>
Weave Living and KKR are continuing their push into Korea’s rental residential sector with the acquisition of a second property in Seoul, just two months after the partners’ joint venture purchased its inaugural asset in the Korean capital.
The Hong… Read More>>
Mirae Asset Securities is in due diligence to sell a building it occupies in Seoul’s Yeouido financial district, with the struggling Korean brokerage seizing on a hot local office market to boost its fortunes.
Woori Asset Management has been chosen… Read More>>
Brookfield Asset Management announced that it has agreed to sell the Conrad hotel in Seoul to ARA Asset Management’s Korean unit for $300 million, confirming last week’s Mingtiandi report on the transaction.
ARA Korea, through private equity arm ARA Korea… Read More>>
The Korean unit of Singapore-based real estate fund manager ARA Asset Management has agreed to acquire the Conrad hotel in Seoul from Canadian pension giant Brookfield Asset Management, after a travel rebound saw the number of international tourists in the… Read More>>
