KTB adds to rush of deals in Seoul with $316m Twin Tree Towers sale | Asia Property

Subscription Enquiries
Editorial Enquiries

This will be the secondary navigation

KTB adds to rush of deals in Seoul with $316m Twin Tree Towers sale

Published on August 1st, 2013

KTB Asset Management has sold the Twin Tree Towers in Seoul to IGIS Asset Management for $316m. The transaction was the second largest in the Seoul market during the first…

Not subscribed yet? Click here for full access.

Diary

New landlord’s programme may not be compatible with Apple

South Korean asset manager KDB Daewoo Securities last month bought part of Apple’s Cupertino HQ for $120m, in its first US real estate investment. We wonder if Apple might have...

Diary

UK recruit gets call-up to fight Kwoks’ army of lawyers

Hong Kong prosecutors were forced to apply for special permission to recruit a UK barrister to make the case against Sun Hung Kai’s Kwok brothers, who will be in court...

Diary

Could Fudo bid for independence from new Chinese masters?

Will there be staff fallout at CLSA, the broker bought by China’s CITIC Securities last month? There are always staff losses after a takeover, although the current economic climate will encourage...

Companies & People

Adler in line to become Pramerica CEO

Eric Adler has been named CEO of Prudential Real Estate Investors (PREI), succeeding Allen Smith. PREI, which is known as Pramerica REI in most of Asia, will promote Adler from...

News

Rents tipped to leap as Singapore offices recover

Singapore office rents are expected to surge next year, after a rebound that started in Q2, according to CapitaCommercial Trust. CEO Lynette Leong claimed the recovery would be led by...

News

Malaysia’s KWAP to ramp up overseas property exposure

Malaysian state pension fund Kumpulan Wang Persaraan (KWAP) is set to increase its allocation to overseas real estate. Chief executive Wan Kamaruzaman, who joined in May from Employees Provident Fund,...

Companies & People

Ness to head DTZ’s North Asia research

DTZ has appointed Andrew Ness, a previous head of Asia research for CBRE and more recently a consultant at the Urban Land Institute, as head of North Asia research. He...

News

Asian operations give CBRE and JLL Q2 boost

Improved Asia Pacific revenues boosted Q2 performance for CBRE and Jones Lang LaSalle. CBRE’s Asia Pacific revenue was $233.1m, an increase of 16% from $201.2m for Q2 2012. “The increase...

News

LINK REIT looks to sell off assets

Hong Kong’s Link REIT is considering selling its non-core assets. Asia’s largest REIT owns 182 properties with 11m sq ft of retail space and 80,000 car parking spaces. It has...

Current Issue