Asia Pacific real estate investment news and information
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 giant Brookfield Asset Management, after a travel rebound saw the number of international tourists in the first… Read More>>
With investors rushing to snatch up Korean office properties, a consortium led by US private equity giant KKR is putting a 23-storey tower on the market with the potential to achieve a nearly 60 percent mark-up from their 2020 purchase… Read More>>
LaSalle Investment Management has teamed up with a local investor and developer to acquire a commercial site in Seoul for KRW 155 billion ($110 million), as the Korean capital’s office towers continue to be a top draw with investors globally.
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>>
Logistics builder Equalbase on Thursday announced its acquisition of a freehold land plot southeast of Seoul, with the company planning to develop a warehouse at a total cost of KRW 79 billion ($58 million).
The Icheon-Baeksa project will comprise 41,800… Read More>>
Seoul’s office market continues to defy a global slowdown as rents for workspace in the Korean capital climbed by 2.4 percent quarter-on-quarter in the first three months of the year, according to JLL.
Office tenants paid an average monthly rent… Read More>>
