Rental housing gains appeal amid supply crunch: asset managers

The rental housing markets in the US, Europe and Australia present attractive investment opportunities as persistent supply shortages and rising urb...

Affinity Equity set to close $1.1 bn purchase of Lotte Rental

Affinity Equity Partners said on Friday that it will sign a definitive agreement on March 11 with Lotte Group to acquire a 56.2% stake in South Kore...

Affinity to transform top Korean car rental firms into mobility service providers

Affinity Equity Partners aims to develop leading South Korean car rental companies into mobility service providers to create additional profitabilit...

Korean duty-free shops post Q3 losses; no signs of recovery

The four major duty-free shop operators in South Korea on Thursday posted operating losses in the third quarter, marking the first quarter in almo...

Affinity Equity bets big on Korea's car rental market

The car rental business resembles financial services. Buying cars with borrowed money, renting them out and eventually selling them to used car de...

Kakao Mobility launches overseas car rental service

South Korean mobility platform Kakao Mobility said on Monday that it launched an overseas car rental service accessible through its Kakao T app.The ...

Korean shopping mecca Dongdaemun Market's vacancy rates soar

Store vacancy rates in South Korea’s largest shopping mecca Dongdaemun Market have soared to as high as 86%, with Chinese e-commerce platfor...

Affinity to buy SK Rent-a-Car at $572 mn, more deals expected

Affinity Equity Partners is set to buy SK Rent-a-Car Co., South Korea’s No. 2 car leasing company, at some 800 billion won ($572 million), rai...

SK Networks prepares to put SK Rent-a-Car on market

SK Networks Co. is preparing to put SK Rent-a-Car Co. on the market in a deal worth an estimated 600 billion won ($448 million) as part of efforts t...

WeWork’s downsizing plan in Korea to hit office market

Coworking space provider WeWork Inc. plans to downsize its business in South Korea, according to banking sources on Sunday. Market watchers say inve...

ESR KendallSquare REIT leads Korean logistics sector

ESR KendallSquare REIT, overseeing 18 advanced logistics centers across South Korea, adeptly handled challenges in the real estate sector this year....

SK Rent-a-Car to replace internal combustion engine cars with EVs

SK Rent-a-Car plans to overhaul its existing fleet of internal combustion engine vehicles in favor of electric cars. The company aims to capitalize ...

CJ to open pop-up Korean restaurant for promising chefs in Seoul

South Korean food giant CJ CheilJedang Corp. in the second half of the year will open a pop-up Korean restaurant for up-and-coming chefs on the upsc...

Seoul more expensive than Tokyo for expats due to high real estate costs

TOKYO — The monthly rent of a commercial building in Seoul has surpassed that of Tokyo for the first time.The rent for an office building in t...

NPS considers new investment in global real estate

South Korea’s National Pension Service (NPS) is open to new investments in overseas real estate, the pension fund’s American real estate...

IGIS, KKR to buy Shinhan Investment HQ for $487 mn

A consortium led by South Korea’s IGIS Asset Management Co. and US private equity giant KKR & Co. is set to acquire Shinhan Investment Cor...

KTCU posts $141 mn return via landmark office exit

The sale of South Korea’s landmark office Alpharium Tower has been completed for 1.02 trillion won ($827.3 million), marking a record-high pri...

Offices in Gangnam attract global investors amid market volatility

South Korean and overseas institutional investors are eyeing offices in Gangnam District, Seoul, amid concerns over inflation and market volatilit...

Grade-A office deals in Seoul hit record-high $14 bn in 2021: JLL

Grade-A office transactions in Seoul hit a record high of 17.1 trillion won ($14.2 billion) in 2021, breaking the 16.6 trillion won record set in 20...

Korean Tiger Alternative, NH Investment buy California homes

South Korea’s Tiger Alternative Investors Co. Ltd. and NH Investment & Securities bought multifamily homes in California for $220 million ...

Industrial, multifamily seen to shine on rent growth: Ares

Industrial and multifamily real estate sectors are poised to benefit from a growing trend of renting spaces in the long term after supply growth slowe...