Keppel asset management unit acquires 3 commercial buildings in Seoul for $510 mil

Michelle Zhu
Michelle Zhu4/29/2019 06:03 PM GMT+08  • 2 min read
Keppel asset management unit acquires 3 commercial buildings in Seoul for $510 mil
SINGAPORE (April 29): Keppel Capital Holdings, the asset management arm of Keppel Corporation Limited, says its Alpha Asia Macro Trends Fund III (AAMTF III) is acquiring 100% stakes in three Grade ‘A’ freehold commercial buildings in Seoul, Korea, for
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SINGAPORE (April 29): Keppel Capital Holdings, the asset management arm of Keppel Corporation Limited, says its Alpha Asia Macro Trends Fund III (AAMTF III) is acquiring 100% stakes in three Grade ‘A’ freehold commercial buildings in Seoul, Korea, for a total of KRW 430 billion ($510 million).

The portfolio of three commercial buildings comprises Yeouido Finance Tower at the Yeouido business district, Nonhyun Building at the Gangnam business district, and Naeja Building at the Gwanghwamun central business district.

In a press release on Monday, Keppel says it expects Yeouido Finance Tower, a 21-storey office and retail mixed-use development with approximately 42,300 sq m in gross floor area (GFA), to benefit from the upcoming rail line GTX B.

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