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Sign in Sign up for a FREE subscriptionSK D&D affiliate to acquire office complex in Seoul for $444m
An affiliate of Korean real estate developer SK D&D has acquired the Young City office building complex in Seoul for 545.8 billion won ($444.6 million), reported The Korea Herald.
A REIT established by SK D&D’s wholly owned subsidiary D&D Investment will take over the asset from investors including London-based investment firm Actis.
Young City is located in the Mullae neighborhood in Yeongdeungpo-gu district, an area in western Seoul near the Yeouido business district. It consists of two buildings, spanning up 13 stories, and down five levels. Key tenants include Citibank Korea and SK Telecom.