KEPPEL Capital's Alpha Asia Macro Trends Fund III fund is buying three Grade A commercial buildings in Seoul's business districts for 430 billion won from a Korean asset management company.
Yeouido Finance Tower is a 21-storey mixed-use development located in Korea's"Wall Street" equivalent Yeouido business district, with 39,100 sq m of office space and approximately 3,200 sq m of retail space. Tenants mainly comprise the insurance, financial and information technology sectors and include Samsung Life Insurance and Tong Yang Asset Management.
Alvin Mah, chief executive of Alpha Investment Partners which manages AAMTF III, said:"The acquisition of the portfolio is in line with AAMTF III's strategy of creating value and driving returns for our investors. These prime commercial properties are well-located in major business districts of Seoul and have good connectivity and high accessibility to public transportation. Their addition to AAMTF III also aids in the diversification of the fund's portfolio.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Keppel Reit to buy majority stake in freehold office building in Seoul for 252.6b wonKEPPEL Reit is acquiring a 99.38 per cent stake in T Tower, a freehold Grade A office building located in Seoul’s central business district (CBD), for some 252.6 billion won (about S$301.4 million), its manager Keppel Reit Management announced on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Brokers’ takeCompiled by Navin Sregantan KEPPEL CORPORATION | BUY (MAINTAINED) APRIL 22 CLOSE: $6.90 FAIR VALUE: $7.83 OCBC Investment Research, April 22 Keppel Corporation saw a 4.1 per cent year-on-year increase in...
Source: thenewpaper - 🏆 7. / 63 Read more »
Keppel Corp ups limit of medium-term note programme to US$5b from US$3bOFFSHORE and marine company Keppel Corp has increased the investable limit of its multi-currency medium-term note programme to US$5 billion from US$3 billion. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Keppel Reit to buy majority stake in freehold office building in Seoul for 252.6b wonKEPPEL Reit is acquiring a 99.38 per cent stake in T Tower, a freehold Grade A office building located in Seoul’s central business district (CBD), for some 252.6 billion won (about S$301.4 million), its manager Keppel Reit Management announced on Tuesday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Keppel Corp ups limit of medium-term note programme to US$5b from US$3bOFFSHORE and marine company Keppel Corp has increased the investable limit of its multi-currency medium-term note programme to US$5 billion from US$3 billion. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Datapulse to acquire 15% stake in Holiday Inn Express hotel in Seoul for 8.6b wonDATAPULSE Technology said on Wednesday that it is acquiring a 15 per cent stake in the Holiday Inn Express Euljiro hotel in Seoul for 8.6 billion won (S$10.2 million), in a joint venture deal with Bizcentre Capital. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Eyeing slice of lucrative space market, Germany races to draft laws for commercial industryBERLIN (REUTERS) - Facing tough competition from China, the United States and even tiny Luxembourg, Germany is racing to draft new laws and attract private investment to secure a slice of an emerging space market that could be worth US$1 trillion (S$1.4 trillion) a year by the 2040s.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Stocks to watch: Olam, ComfortGelGro, Mapletree Commercial Trust, UIC, FCT, AA ReitTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Frasers Commercial Trust's Q2 DPU flat at 2.40 Singapore centsFRASERS Commercial Trust (FCOT) is maintaining a distribution of 2.40 Singapore cents per unit for its second quarter amid lower occupancy and higher property tax at Alexandra Technopark. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Mapletree Commercial Trust posts Q4 DPU of 2.31 Singapore centsMAPLETREE Commercial Trust on Tuesday posted distribution per unit (DPU) of 2.31 Singapore cents for the fourth quarter ended March 31, up 1.8 per cent from 2.27 cents a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »