Mastern has tapped the consortium of Colliers Korea, CBRE Korea and Deloitte Anjin LLC as the lead manager for the deal.“The deal is expected to attract many investors although it is located in the Seodamun area, about 2 kilometers (1.2 miles) away from the capital’s Central Business District (CBD),” a real estate industry official said.“The property, along with Samsung Fire & Marine Insurance headquarters The Asset in the Gangnam Business District, is garnering attention from the market as an office with more than 20,000-pyeong (66,116 square meters) of floor area,” the official added.
South Korea’s NongHyup Financial Group Inc.(NH Financial) is likely to join the race for the purchase of Donuimun D Tower, a landmark office building in Seoul valued at around 900 billion won ($653.6 million), according to investment banking sources on Monday.
NH Financial is eyeing expanding its assets in the Seodaemun area, where the headquarters of itself and affiliates such as NongHyup Bank, NongHyup Property & Casualty Insurance Co.and NongHyup Life Insurance Co.are located, according to sources.
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