Gate Tower
Seoul, South Korea
Prime Office
Property Type
86,270 sq.m.
Gross Floor Area
26
No. Of Floors
2020
Year Of Completion
Gansam
Design Architect
Phoenix saw an investment opportunity in the office market of Seoul and provided a mezzanine loan for construction of a prime office building in the central business district.
Gate Tower transaction is a secured mezzanine loan deal involving a new office development strategically located in Seoul’s CBD, with direct subway access to Seodaemun Station, one station away from the center CBD, and Gwanghwamun Station. This underground connection also allows direct access to the neighboring headquarter of the reputable NH Bank in Korea.
Partnering with reputable partners experienced in developing landmark properties in Seoul’s CBD, Gate Tower will be developed into a 26-storey office tower with basement car parking and retail podium.
The project was exited in 2020 to one of the top asset management companies in South Korea 13 months ahead of schedule.
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