South Korea
GIC withdraws US$1bn Seoul sale amidst political uncertainty
SINGAPORE’S sovereign wealth fund GIC and CBRE Group have pulled the plug on their proposed sale of the Seoul Finance Centre (SFC), due to weakened confidence in Seoul’s commercial real…
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Asia Pacific capital markets turning the corner
COMMERCIAL real estate investment volumes have recovered from the 2023 downturn. According to JLL’s data, CRE volumes increased by 2%…
Samsung REIT secures Gyeonggi-do office
THE Samsung FN REIT has expanded its portfolio with the KRW 125.87 billion acquisition of the Samsung Fire & Marine…
Hanwha pays USD 584m for Seoul office
KOREAN asset manager Hanwha Asset Management has acquired a Seoul office building for KRW 808 billion won (approximately USD$ 584…
Asia Pacific Power shortages impact data centres, CBRE
POWER shortages across the Asia Pacific is driving rent increases in the emerging data centre market, according to a report…
Mirae offload Seoul office for KRW300bn
SOUTH Korea’s largest investment banking group Mirae Asset Securities is in due diligence to sell its Seoul office building in…
Brookfield sells Seoul hotel for significant discount
CANADA'S Brookfield Asset Management has sold the five-star Conrad Seoul hotel in South Korea to Singapore's ARA Asset Management for…
Stable property values limit Asia Pacific investors debt liabilities
PROPERTY investors in Asia Pacific face a relatively small funding gap of US$8.4 billion on US$257 billion of outstanding senior…
Asia Pacific prime rents continue free fall
PRIME office rents in the Asia Pacific region fell again for the seventh consecutive quarter, led by Jakarta. However, Manila,…