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Sign in Sign up for a FREE subscriptionAllerman acquires new office headquarters for $242m
Korea’s leading bedding company, Allerman, has secured a site for a new office headquarters with the $242 million purchase of T412 Building in central Seoul, facilitated by Colliers in collaboration with Savills Korea and Hanhwa H&R.
The deal — negotiated by Colliers Korea’s Capital Markets & Investment Services Team on behalf of Hanwha Asset Management — represents a strong transaction in spite of a subdued market.
A 19-story building with a gross floor area of 26,388.79 square meters (284,046.6 square feet), the T412 Building currently holds strong credit-worthy tenants including Samsung Financial Affiliates and Nexon Korea, as well as other high-profile tenants such as KB Bank and Henkel.
“We were able to complete this significant transaction sw
