Core, income-producing assets
Development funding considered
Japan, Hong Kong, South Korea, Singapore, Australia, Auckland
Purchase price: Confidential
Reasons for buying: Prime quality building, Long term lease to a government-linked entity, Strong ESG rating - Green Mark Platinum (Super Low Energy) Award.
Timing: January 2019 (note: asset is under development)
Location: Seoul, South Korea
Purchase price: US$1.04b (in joint venture)
Reasons for buying: Strategically located in Seoul CBD, high quality tenants, leasing activity fuelled by the growing IT sector and consolidation of financial firms relocation.
Key features: 2.8m ceiling height, efficient floor plate, column-free structure, on demand dust-purifying ion cluster air-conditioning system, tenant service amenities, LEED Gold certification by the US Green Building Council
Timing: October 2018