NCSOFT’s NC Tower up for sale with its value estimated at $272 million

Quick Summary:

According to GenstarMate, a Korean real estate research firm, the office buildings market in Seoul bounced back for the first time in four years in 2024, with transaction volume soaring 78.7% to 13.4 trillion won from the year prior.

Located at 129 Teheran-ro, Gangnam N Tower is a 24-story building with seven underground floors, boasting a total gross floor area of 51,120 square meters.

The bidding for the sale of NC Tower, owned by NCSOFT Corp., a major South Korean game developer and publisher, is slated for Jan.13, according to investment banking industry sources on Friday.

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Article Details

Category: Economy

Markets: South Korea

Topics: Estate Asset Sale Buildings Office Billion Gangnam Sales Real Building Tower

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 21:21:27 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 534 words

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Copyright Owner: © Korea Economic Daily

News ID: 25037795

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