AIG Global Real Estate sells International Finance Centre Seoul to Brookfield

seoul-5

AIG Global Real Estate has announced the completed sale of the International Finance Centre Seoul (IFC Seoul) to Brookfield. Terms of the transaction were not disclosed.

International Finance Centre Seoul (IFC Seoul), the first international, Class A development in the heart of Seoul’s financial district, Yeouido, is a large-scale, mixed-use commercial complex. The complex includes three high-rise office towers, a three-level retail mall, and a five-star Conrad Seoul hotel – all of which is connected to the Yeouido subway station. The complex provides modern space for tenants, workers, shoppers, and visitors to Yeouido, and is a destination for international finance and business.

AIG Global Real Estate and the Seoul Metropolitan Government joined together to make the IFC Seoul project a success. The project is owned by an AIG Global Real Estate sponsored fund.

Douglas Tymins, President and CEO of AIG Global Real Estate said, “We are grateful to the investors and partners, including the Seoul Metropolitan Government, who contributed to the creation of IFC Seoul over the past 13 years. We firmly believe that Brookfield, with a successful diversified international portfolio, will further enhance the value of IFC Seoul, and serve as an invaluable partner to the Seoul Metropolitan Government.”

Source: AIG Global Real Estate

, , , , ,