Blackstone Core+ Funds Sell Premium Office Tower in the Largest Commercial Real Estate Transaction in Seoul s Major Business District Since 2022 webwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webwire.com Daily Mail and Mail on Sunday newspapers.
03 April 2024 SEOUL, April 1, 2024 - Blackstone today announced the closing of the sale of Arc Place, a high-quality Grade A office building in the Gangnam.
Office lease prices in Seoul marked a record-high increase last year backed by strong demand amid low vacancies, a report released by a real estate analytics firm showed Monday. Seoul's office lease market has been showing a strong performance, with rent rates being pushed up, a CBRE Korea report showed. The average face rent for Seoul offices posted the sharpest on-year growth of 8.8 percent in 2023, up 2.1 per.