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