ARA Asset Management anoounced that it has signed an agreement to acquire prime office building, Seoul Square, via a new private real estate fund in Korea managed by ARA Korea in Seoul,Korea
Located just across the street from Seoul Station in the heart of Seoul, the 23-storey prime office building spanning 132,806 square metres in gross floor area.
Country Head of ARA Korea, Anthony Kang, said: “Seoul Square is one of the most iconic and high profile prime office buildings in Seoul with a rare large and efficient floor plate. The Property is located within a core transportation hub area in Seoul with convenient access to local, regional and national destinations through numerous subway lines, railways and bus lines. Anchored by long-WALE leases with major highquality domestic and foreign tenants, Seoul Square is well-positioned to deliver superior performance as a latest addition to ARA’s suite of core office assets in Korea.”