Real Estate

Ara Buys Seoul Office Tower For $1.2 Billion, Companies & Markets News & Top Stories - The Straits Times

by straitstimes.com posted 8months ago 332 views
November 11, 2020 12:30 PMDeal slated to be the largest single asset transaction in Korea this year. : SINGAPORE (THE BUSINESS TIMES) - ARA Asset Management has purchased Parc1 Tower II - an office building in Seoul - for over one trillion Korean won ($1.21 billion), in a deal slated to be the largest single asset transaction in Korea this year. 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, ARA said in a press statement on Tuesday (Nov 10).