KKR to acquire Namsan Green Building.

KKR, a global investment firm, agreed to acquire Namsan Green Building, a 57,574-square-meter office building in Seoul. Financial terms were not disclosed. “Our investment in Namsan Green Building provides us with a unique opportunity to acquire a high-quality asset in a strategic location and add value by leveraging our real estate expertise to enhance its offerings for today’s modern office demands. We remain confident in the long-term prospects of Korea’s office real estate market, where future supply is extremely limited and demand for office space continues to be resilient, and look forward to helping the country meet its office space needs,” David Cheong, KKR Managing Director of Real Estate.