Ascendas Korea Office Private Real Estate Investment Trust 1 (AKOPREIT 1)


Citibank Center

AKOPREIT 1 is currently invested into one prime commercial asset - Citibank Center. Citibank Center is located in core CBD, Seoul, which is the traditional core business district and close to major government agencies, financial institutions and headquarters of global companies. The property is located five minutes from subway line 5 by foot. Citibank occupies the entire building which serves as one of the bank’s central command centers for their Korea operations.

Domicile

Seoul, Korea

Inception

2012

Capital Commitments

SGD 105 mil

Fund Manager Contact

+82 2 721 9300

Fund Manager Email

funds@ascendas-singbridge.com

Sponsor

Ascendas Land International Pte. Ltd.

Capital Partners

Major pension funds in Korea

Investment Strategy

Core/Core plus

Geographic Focus

CBD, Seoul

Investment Objectives

Invest in stabilised asset in core location


Project Details :

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