ARA buys Seoul office tower; DBS, UOB grant S$385.8m green loan for 5One Central
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
