AKOF 2 (Ascendas Korea Office Fund 2)


West Finance Center

West Finance Center is located in Shindorim, south-western Seoul, an up and coming commercial, entertainment and residential hub. The property is strategically located with direct access to subway line 1 and 2.


Domicile

Seoul, Korea

Inception

2008

Expiry

2015

Capital Commitments

SGD 158 mil

Fund Manager Contact

+82 2 721 9300

Fund Manager Email

funds@ascendas.com

Sponsor

Ascendas Land International Pte Ltd.

Capital Partners

Major insurance companies in Korea

Investment Strategy

Value-Add

Geographic Focus

Outskirts of YBD

Investment Objectives

Invest in stabilised asset in up and coming location



Project Details :

West Finance Center

Masterplanned Concept

Mixed use for office and retail

Location

97, Saemal-ro, Guro-gu, Seoul, Korea

GFA

92,173 sqm

NLA

36,392 sqm

Development Mix

Office and retail

MTB/Single user

MTB (Key tenants: Samsung Card, Samsung Card Customer Service, Samsung F&M Insurance, Woori Card)

Industry Cluster Target

Manufacturing/Financial Institutions/IT Service