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[THE INVESTOR] A consortium of US private equity group Kolberg Kravis Roberts and Korean asset management firm IGIS has pulled out from a bid for purchasing Centropolis office buildings in central Seoul after the talks fell through, according to industry sources on May 4. Instead, M&G Real Estate, a...
[THE INVESTOR] Mirae Asset Financial Group is seeking to purchase an office building in London from private equity firm Blackstone, according to media reports on May 3. The nine-story 20-year-old Old Bailey is priced at around 500 billion won (US$464.50 million) to 550 billion won. Mirae Asset rece...
[THE INVESTOR] Korean securities firm Mirae Asset Daewoo on April 27 said it is investing US$300 million won to acquire Hong Kong’s 73-story skyscraper The Center, owned by billionaire Li Ka-shing. The total price tag of the city’s fifth-tallest building is around US$5.15 billion, a record price ...
[THE INVESTOR] Savills Korea, local unit of the UK-based real estate firm, on April 10 said it has been selected to manage the sale of Nine Tree Hotel, located in the heart of the shopping district of Myeong-dong, central Seoul. While it declined to disclose details, including the estimated price-r...
[THE INVESTOR] NH Investment and Securities is seeking to purchase the Paris headquarters building of L’Oreal, Maeil Business News reported on March 9. The price is expected to be about 900 billion won (US$779 million), which will be the Korean securities firm’s largest-ever purchase. L'Oreal hea...
Over 80,000 millionaires, 20 billionaires in Seoul: report
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Kakao Bank hits record high quarterly profit in Q1
Coupang earnings hit hard by losses from ailing Farfetch
Minister pledges support for Naver in Line dispute
Korean battery makers heave sigh of relief over 2-year IRA reprieve