| The Abu Dhabi Investment Authority (ADIA), one of the three largest sovereign funds in the world, is emerging as a promising candidate for the acquisition of the State Tower Namsan located in Seoul.
According to industry sources, Shinhan BNP Paribas Asset Management and Savills Korea, which are moving ahead with the sale of the office building, have interviews with the ADIA and IGIS Asset Management on July 24 in order to select a preferred bidder.The final candidates include the ADIA, IGIS Asset Management, RREEF under Deutsche Bank, and Ascendas of Singapore. The preferred bidder is selected late this month after overall evaluation of funding and asset management capabilities..............................................Full Article: Source
|