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ARA buys Seoul office tower; DBS, UOB grant S$385.8m green loan for 5One Central

Published Wed, Nov 11, 2020 · 09:50 PM

Singapore

ARA Asset Management has purchased Parc1 Tower II - an office building in Seoul - for over one trillion Korean won (S$1.21 billion), in a deal slated to be the largest single asset transaction in Korea this year, ARA said in a press statement on Tuesday.

Located within Yeouido business district, the property is one of the two newly-constructed office towers within the Parc1 mixed-use complex designed by architect Richard Rogers.

Currently the fifth-tallest office building in Seoul, it comprises 53 storeys and has a gross floor area of 162,216 square metres. The development is adjacent to Yeouido Park and Han River Park and is easily accessible from all …