Ascendas buys fifth office asset in Seoul, sets up new fund
Jongro Place, a 14-storey Grade A office building in CBD, was recently acquired by the new fund for S$289.6m
Singapore
ASCENDAS' fully owned subsidiary Ascendas Asset Management Co Ltd has launched its fifth office fund in South Korea.
Ascendas Korea Office Private Real Estate Investment Trust 3 (Akopreit 3) is a seven-year closed private fund which holds Jongro Place, a 14-storey freehold Grade A office building in the Seoul CBD that was recently acquired by the newly minted fund for S$289.6 million.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
China Evergrande to delay 2023 annual results; shares remain suspended
Dubai ruler’s firm refinances US$8.2 billion to tap property boom
US home prices jump by most in nearly two years in February
UK’s second biggest mortgage lender pulls offers over flood risk
China state firm to sell 20 Shanghai office towers in downturn
Strained Chinese cities struggle to pay home-buying subsidies