Located in Bundang district of Seongnam, a satellite city of Seoul, Bundang M Tower is an eight-storey building measuring 46,125 square feet (4,285 square metres) that is highly favoured by corporates and companies in the IT, biotechnology and gaming sectors, M&G said in a release.
The seller of the asset and the holder of the remaining 3 percent interest were not disclosed, but property agency records show that local fund manager Kclavis Asset Management had acquired the 2011-vintage property in the third quarter of 2017.
