JLL Korea has completed its advisory services for the sale of Seoul Square, a representative landmark asset within the Seoul Central Business District (CBD), which has been selected and carried out as a joint exclusive sales adviser with Savills Korea, for KRW1.28 trillion (over $870 million).
Seoul Square, which was completed in 1977, is a large office asset with two basement floors and 23 floors above the ground and is adjacent to Seoul Station (Line 1, Line 4, GTX-A, Airport Railroad, and Gyeonggi Central Line). It was used as the headquarters of Daewoo Group in the past but was renamed Seoul Square after the group disbanded. Since its extensive remodeling in 2010, it has attracted many companies, and the area dedicated to the reference floor of 2,975.22 square meters (32,025 square feet) or more within the central CBD is considered unique within Seoul's main business district. The building currently houses several leading domestic and foreign companies and boasts many e
