Purchase: CF&E Land acquires office space at Center Point Gangnam in Seoul for KRW 3.1 billion
Center Point Gangnam is a modern Grade-A office tower situated along Teheran-ro, one of Seoul’s most established and prestigious commercial corridors in Gangnam. Completed in 2010, the 17-storey building features contemporary architectural lines, a full-glass façade and high-specification office facilities designed to accommodate multinational corporations, financial institutions and professional services firms.
Located at 211 Teheran-ro, the property benefits from excellent connectivity to Seoul’s major business and transportation networks. Its proximity to Gangnam Station, served by Line 2 and the Shinbundang Line, provides convenient access to the wider Seoul metropolitan area and reinforces the property’s position within one of the city’s most sought-after office markets.
Center Point Gangnam is equipped with modern building infrastructure, including raised flooring, centralised air-conditioning and multiple high-speed passenger lifts. Efficient and flexible floor plates provide a practical and adaptable environment for a wide range of corporate occupiers.
CF&E Land acquired two office units with a combined strata area of approximately 2,723 square feet for KRW 3.1 billion, establishing a strategic foothold within Gangnam’s high-demand commercial property market. The acquisition provides exposure to a well-established business district supported by strong accessibility, a concentration of corporate activity and sustained demand for quality office space.
The acquisition reflects CF&E Land’s strategy of investing in strategically located commercial properties that offer both operational utility and long-term investment value. The property strengthens CF&E Land’s real asset portfolio in South Korea while supporting its broader strategy of owning quality commercial assets across key Asian business centres.
Purchase Date: 9 September 2020
Location: Gangnam, Seoul, South Korea
Property: Center Point Gangnam
Size: Approximately 2,723 sq ft
Acquisition Price: KRW 3.1 billion
Ownership: Full Ownership
