ARA Asset Management to acquire prime office building in Seoul,Korea

Seoul commercial real estate

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.”

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