Gaw Capital Partners is expanding its operations in South Korea at the same time that it grows its fund raising capabilities in the Middle East, as the Hong Kong private equity shop announced a pair of senior hires on Tuesday.
Seoul Office Rents Grew 2.4% in Q1, Now Up 9.4% From March 2023
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 Deal Streak Continues as Hanwha Sells Gangnam Office Building for $242M
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>>
KKR Sells Coupang Warehouse Near Seoul to Korea’s IGIS for Over $366M
KKR has sold a recently completed Seoul-area warehouse leased to Korea’s largest e-commerce player for a reported KRW 500 billion ($366.4 million), as online shopping continues to gain traction in the northern Asian country.
The US private equity giant sold… Read More>>
M&G Real Estate Sells Seoul Office Building to Korea’s Capstone AMC for $151M
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>>
Weave Living and KKR Acquire Inaugural Asset for Korean Rental Housing Venture
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>>
Blackstone Sells Seoul’s Arc Place to Koramco Fund for $588M
Blackstone has closed on Korea’s biggest real estate asset transaction of this year, with the company confirming that it has sold Arc Place in Seoul to local fund manager Koramco.
The 62,748 square metre (675,414 square foot) property is changing… Read More>>
KKR Latest Global Heavyweight to Team with Weave Living as Korea Venture Unveiled
Weave Living has secured buyout giant KKR as its newest capital partner for the regional apartment operator’s first investments in South Korea, with a focus on Seoul.
The partnership aims to build a rental housing portfolio of 1,200 units with… Read More>>
S&P Goes Negative on Mirae, KIS as Korean Property Bets Turn Sour
S&P Global Ratings has lowered its outlook to negative on Mirae Asset Securities and Korea Investment & Securities, with the agency flagging the Korean brokerages’ exposure to struggling property markets at home and overseas.
S&P cut its rating outlook from… Read More>>
Singapore’s Keppel REIT Marketing $230M Seoul Office Tower
With Seoul finishing 2023 as one of the world’s strongest office markets, Keppel REIT could be set to cash in the sturdy rents and resilient capital values in the Korean capital, as it markets an office tower in the city’s… Read More>>
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