KBR Building | Seoul, South Korea
Development of 289,000 sq. ft. retail and hotel property
Investment Opportunity at Acquisition
- Acquired a bank headquarters building in a prime location in Myeongdong, the busiest retail district in Korea with the highest retail rents and foot traffic.
- Plan to demolish the existing structure and build a multi‐story retail property with a hotel on the upper floors.
Strategy
- Ground-up Development
