Keppel Capital unit in lead position to buy Seoul buildings

Singapore

A SOUTH Korean unit of Keppel Capital has emerged as the frontrunner to acquire three office buildings in Seoul in a deal totalling 450 billion Korean won (S$0.54 billion), as South Korea's real estate sector continues to attract interest from investors.

According to a report in The Korea Economic Daily, Keppel Capital and Seoul-based IGIS Asset Management Co were the only two among "seven to eight" potential buyers that submitted bid…