Brookfield refinancing for IFC Seoul
Scope
Date
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Trade insurance
Seoul to offer $3 bn credit insurance on Saudi's megaprojects
Korea Trade Insurance Corp. (K-Sure) has agreed to provide $3 billion in trade credit insurance to Saudi Arabia to help South Korean companies win o...
Jan 08, 2021 (Gmt+09:00)
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IPOs
Seoul stock markets brimming with startup IPOs in Jan
Singapore-based biosimilar maker Prestige BioPharma and nine startups are set to make initial public offerings in Seoul to raise at least 640 billio...
Dec 23, 2020 (Gmt+09:00)
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Future mobility
Autonomous driving startup 42dot plans Level 4 self-driving in Seoul
42dot, a South Korea-based autonomous driving startup, plans to launch a Level 4 self-driving service in some areas of Seoul next year.The company s...
Dec 21, 2020 (Gmt+09:00)
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Lotte World Tower
Sunset paints crimson sky over Seoul
Bravehearted visitors enjoy a scenic sunset view from Lotte World Tower's Sky Bridge, an 11-meter bridge connecting the two steel peaks of t...
Dec 18, 2020 (Gmt+09:00)
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Markets
Seoul shares tipped to benefit from global indices' China exclusions
Global index providers' recent decisions to remove Chinese companies from their benchmarks are expected to draw additional global and institutional ...
Dec 13, 2020 (Gmt+09:00)
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Airlines
Seoul court clears way for Korean Air’s $1.6 bn Asiana deal
Korean Air Lines Co. will push ahead with its planned $1.6 billion acquisition of debt-laden Asiana Airlines Inc., the company said, after a Seoul d...
Dec 01, 2020 (Gmt+09:00)
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Energy
Saudi crown prince to be top shareholder of Seoul-listed gaming firm
The Crown Prince of Saudi Arabia Mohammed bin Salman has agreed to buy 240 billion won ($217 million) worth of shares in the South Korea-listed game...
Nov 27, 2020 (Gmt+09:00)
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Markets
Seoul shares break through 2,600 to hit record close
Economically sensitive stocks such as chips, steel and shipbuilding pushed the South Korean stock market to its strongest close on Nov. 23, with gro...
Nov 23, 2020 (Gmt+09:00)
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Future mobility
Bluespace.ai to develop autonomous mass transit system in Seoul
Bluespace.ai, a San Jose-based autonomous driving startup, is looking to develop a software system for autonomous mass transit fleets in Seoul and its...
Nov 09, 2020 (Gmt+09:00)
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Private debt
Brookfield's debt fund to raise $610 mn from Korea
Brookfield Infrastructure Partners will collect around 700 billion won ($610 million) from South Korean institutional investors for its second credit ...
Oct 12, 2020 (Gmt+09:00)
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Private debt
Brookfield set to raise $610 mn for new infrastructure debt fund: report
Brookfield Asset Management Inc. will collect around 700 billion won ($610 million) from South Korean institutional investors for its second infrastru...
Oct 11, 2020 (Gmt+09:00)
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Real estate
Seoul apartments’ average selling price tops 1 billion won for first time
The average selling price of apartment units in Seoul has surpassed the psychologically important 1 billion won ($845,000) mark for the first time, al...
Aug 12, 2020 (Gmt+09:00)
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REIT
Korean REIT backed by Amazon’s Japan warehouse seeks Seoul IPO
A South Korean brokerage firm with a 50.1% stake in Amazon’s largest distribution center in Japan is seeking to list a real estate investment tr...
Jul 27, 2020 (Gmt+09:00)
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Alternative investment
KIC's moving out of Seoul gains momentum after April election
The South Korean government is expected to push ahead with the plan to move Korea Investment Corporation (KIC) and other public agencies to provincial...
Apr 20, 2020 (Gmt+09:00)
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IPO
Two Europe-focused REITs seek $600 mn IPOs in Seoul
Two real estate investment trusts (REITs) backed by office buildings in Belgium and France are planning to raise a combined $600 million through initi...
Mar 12, 2020 (Gmt+09:00)
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M&A
KKR consortium buys Seoul office tower from NPS
A consortium of KKR & Co. and two South Korean companies have closed the acquisition of a Seoul office tower from the National Pension Service (NP...
Feb 29, 2020 (Gmt+09:00)
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Real estate
Brookfield completes $1.9 bn debt refinancing on IFC Seoul
Brookfield Asset Management Inc. has borrowed an additional 475 billion won ($402 million) on International Finance Center in Seoul (IFC Seoul) in a 2...
Oct 19, 2019 (Gmt+09:00)
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Alternative investment
Shinhan provides $100 mn mezzanine loan on Brookfield’s US hotel
Shinhan Investment Corp. has provided a $100 million mezzanine loan on Brookfield’s resort hotel in Florida which recently secured $560 million ...
Oct 14, 2019 (Gmt+09:00)
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PAG likely to buy Hyatt hotel in Seoul and nearby land for $400 mn
Hong Kong-based investment firm PAG has been named a preferred buyer of Grand Hyatt Seoul and its nearby residential land which are valued at abou...
Aug 22, 2019 (Gmt+09:00)
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Brookfield seeks refinance of $1.5 bn debt on IFC Seoul
Brookfield Asset Management Inc. is seeking to refinance 1.8 trillion won ($1.5 billion) of debts it borrowed on the International Finance Center in S...
Jul 24, 2019 (Gmt+09:00)
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Kiwoom Sec in $236 mn refinancing deal on Spain solar plants
Kiwoom Securities Co. Ltd. and a South Korean insurance firm have underwritten 140 billion won ($118 million) in a debt on nine solar power plants in ...
Jun 17, 2019 (Gmt+09:00)
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PGIM to secure $60 mn from Seoul office sale to Keppel
PGIM Inc., the asset management arm of US-based Prudential Financial Inc., is set to pocket about 70 billion won ($60 million) in capital gains from i...
Apr 28, 2019 (Gmt+09:00)
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Keppel Group unit set to net $250 mn from value-add deals in Seoul
Alpha Investment Partners, part of Singapore-based Keppel Capital, is set to secure over $250 million from selling two Seoul office buildings for arou...
Mar 21, 2019 (Gmt+09:00)
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Brookfield raises $147 mn from Korea for US office portfolio: report
Brookfield Asset Management Inc. has secured $147.2 million in a mezzanine tranche from South Korea’s Kiwoom Asset Management Co. Ltd. on a US office ...
Mar 12, 2019 (Gmt+09:00)
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Keppel likely to buy three Seoul buildings in $400 mn package deal
The South Korean unit of Singapore-based asset manager Keppel Capital was picked as the preferred buyer for three Seoul office buildings in a package ...
Feb 28, 2019 (Gmt+09:00)
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French PE Ardian opens 4th Asian office in Seoul
Paris-based private equity house Ardian has opened a Seoul office as its fourth Asian base, as South Korean institutional investors such as pension fu...
Dec 04, 2018 (Gmt+09:00)
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Ascendas buys $69 mn Seoul hotel from KTCU-backed fund
Singapore’s Ascendas Hospitality Trust has acquired a hotel in downtown Seoul for 77.5 billion won ($69 million) from a South Korean real estate fund ...
Nov 30, 2018 (Gmt+09:00)
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KKR, NPS to invest $700 mn in $1.9 bn Seoul real estate project
Private equity firm KKR & Co and South Korea’s National Pension Service (NPS) will make an equity investment of 800 billion won ($704 million) in ...
Oct 10, 2018 (Gmt+09:00)
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NH Investment named as preferred buyer of Seoul Square in $873 mn deal
NH Investment & Securities Co. Ltd. was chosen as the preferred buyer for a landmark Seoul office building, according to the South Korean brokerag...
Sep 13, 2018 (Gmt+09:00)
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Alpha Investment in talks to sell Seoul building for over $850 mn
Singapore-based Alpha Investment Partners is in negotiations with Hana Financial Investment Co. Ltd. to sell a landmark office building across S...
Aug 16, 2018 (Gmt+09:00)