Alpha’s Macro Trends Fund of Kepland invests in prime Grade A office in Korea - 8 OCT 2010

Alpha’s Macro Trends Fund invests in prime Grade A office in Korea. See report.

Key Points

• Seoul Square, Korea, has become the latest prime property invested by Alpha Investment Partners Ltd (AIP) under its USD 1.2 billion Macro Trends Fund (AAMTF).
• AIP, the wholly-owned real estate fund management arm of Keppel Land Limited, participated in a structured investment in Seoul Square, Korea, with an investment consideration of USD 210 million.
• Located in the heart of the City Hall area, the 23-storey Seoul Square has a total rentable area of 1,429,509 sf of prime Grade A office space. The building has been substantially rebuilt. It features generous column-free spaces with luxury finishings and offers one of the largest office floor plates in Seoul.