The fully-let T-Tower office asset was acquired from PGIM Real Estate. :
Keppel REIT Management, part of Keppel Capital, has acquired an office building from PGIM Real Estate in Seoul for KRW252.6bn (€197m). Keppel said it had negotiated the deal with a value-add strategy fund managed by PGIM Real Estate to acquire an approximate 99.38% stake in T Tower, a fully-leased building in Seoul’s central business district. Keppel Capital will own the remaining 0.62% stake in the complex, which will be managed by Keppel Investment Management.