Asia Pacific real estate investment news and information
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>>
Korea’s Hanwha Asset Management has sold an office tower in Seoul’s Gangnam business district for $242 million as the Korean capital continues to rank among Asia’s regional hotspots for commercial property transactions.
The Seoul-based investment manager agreed last month to… Read More>>
M&G Real Estate has completed the sale of the Icon Yeoksam office building in Seoul for KRW 204.3 billion ($151.4 million), with the British asset manager booking a 44 percent appreciation in value on the deal.
The divestment of the… Read More>>
Just two weeks after announcing a partnership to invest in Korean rental homes, Weave Living and KKR have acquired their first asset under the joint venture, according to a statement on Tuesday.
The rental housing operator and investor, along with… Read More>>
