Frankfurt-based Degi, part of Aberdeen Property Investors, has sold the Hyundai Swiss Tower in Seoul to a South Korean buyer for EUR 39 mln. The German company said the sales price exceeded the latest valuation despite the difficult market conditions.
Frankfurt-based Degi, part of Aberdeen Property Investors, has sold the Hyundai Swiss Tower in Seoul to a South Korean buyer for EUR 39 mln. The German company said the sales price exceeded the latest valuation despite the difficult market conditions.
The Class A office building was acquired by Degi in 2005 on behalf of its Degi International open-ended property fund. The asset has an aggregate floor space of about 15,000 m2, and is let to tenants from a variety of industries.
