JLL advises on sale of Seoul’s Jongno Tower sold to SK REITs $431.7m
JLL acted as joint exclusive sale advisors with Avison Young Korea as Jognno Tower Seoul sold by KB Asset Management for KRW621.5 billion ($431.7 million) to SK REITs. Chaehun Chang, Managing Director of JLL Korea said, "This is a testament to the unwavering demand for investment in landmark...
CBRE Helps OTB Group Expand Presence in China by Securing Prime Retail Space in Shanghai
The CBRE Shanghai Advisory & Transaction Services – Retail team was commissioned by Italian luxury group OTB to lease four flagship stores in the heart of West Nanjing Road CBD as China’s prosperous domestic spending gave a big lift to retailers’ confidence.
CBRE releases 2021 Seoul Office Tenant Profile and Outlook report to identifying demand drivers
According to the report, leasing activity volume recovered significantly starting in the second half of 2020, backed by aggressive expansion activities by companies, and Seoul’s Grade A office market recorded the highest net absorption of 555,000 sq. m. in 2021 despite the ongoing pandemic.
Huizhou Greater Bay Area iconic high-end Shopping Mall Huamao Place (華貿天地) sold to Spring REIT
Mr. Leung Kwok Hoe, Kevin, CEO and an Executive Director of Spring Asset Management Limited said, “The acquisition of Huamao (華貿天地) is fully in line with Spring REIT’s strategy to invest in yield-accretive and income-producing real estate assets with long-term growth potential.
CBRE Topped Korea Commercial Real Estate Investment Sales Activity in 2021
“CBRE’s remarkable achievement in Korea underscores the incredible effort from our outstanding professionals and our client-focused approach to delivering exceptional outcomes, said Sean Choi, Head of Capital Markets, Korea.
CBRE Korea hosts webinar on notable up and coming office markets ‘Pangyo, Magok, Seongsu’
CBRE Korea hosted a webinar covering the high potential and positive prospects of the Pangyo, Magok and Seongsu business districts. Claire Choi, Head of Research at CBRE Korea, Sean Choi, Head of Capital Markets at CBRE Korea, and Andy Park, Head of Advisory and Transactions (A&T) Services...
South Korea’s First Hilton Garden Inn Opens in Seoul
Hilton (NYSE: HLT) announced the opening of Hilton Garden Inn Seoul Gangnam, marking the first Hilton Garden Inn in South Korea. Situated in the center of...
ESR Kendall Square REIT adds US$94.2 million Yongin BRIC logistics asset to portfolio
ESR Kendall Square REIT (the “REIT”; 365550 KS) has successfully completed another acquisition of a recently completed mixed-use logistics facility for US$94.2 million (or KRW 103 billion). This acquisition comes on the heels of last week’s successful drop down of the 11th asset “Anseong LP”....
ESR Kendall Square REIT adds US$145 million logistic asset to portfolio Korea
Korea’s #1 industrial real estate investment trust, ESR Kendall Square REIT (365550 KS), has completed the acquisition of a modern logistics facility in greater Seoul suburban market for US$145 million (or KRW 160 billion).
Asia-Pacific prime residential prices continue to rise amid the COVID-19 pandemic, not despite it
Knight Frank’s forthcoming edition of The Wealth Report reveals the result of its Prime International Residential Index (PIRI 100). The index tracks the movement of luxury residential prices in 100 cities and second home markets globally for the 12-months ending December 2020, with four Asia-...
