Igis completes W900b acquisition of Doosan Tower

Igis Asset Management has completed its acquisition of Doosan Tower in central Seoul in a deal worth more than 900 billion won ($612 million), about a year after an earlier attempt to buy the landmark property fell through. Igis paid the remaining balance and closed the transaction Monday, according to industry reports. The 33-story office and retail complex in Dongdaemun was previously owned by Mastern Investment Management, which acquired it from Doosan Group for about 800 billion won in 2020.

By The Korea Herald