(Photo=NH Nonghyup Bank)

 

[Alpha Biz= Reporter Kim Sangjin] NH NongHyup Financial Group is joining the bid to acquire the "Donuimun D Tower."

According to the investment banking (IB) industry on the 11th, NH NongHyup Financial Group is pursuing the acquisition of Donuimun D Tower through its subsidiary, NH NongHyup REITs Management. The company is currently reviewing the investment memorandum (IM) received through the sale advisors, including Colliers, CBRE Korea, and Deloitte Anjin.

Donuimun D Tower is considered a prime office asset located in Seoul's Central Business District (CBD). It is situated near Seodaemun Station on Subway Line 5, close to "NH NongHyup Town," which houses the headquarters of the National Agricultural Cooperative Federation (NongHyup), NH NongHyup Financial Group, and NH NongHyup Bank. The IB industry anticipates synergies between NH NongHyup Town and Donuimun D Tower, prompting NH NongHyup Financial Group to pursue this acquisition.

Donuimun D Tower is located at 134 Tongil-ro, Jongno-gu, Seoul. The building comprises 7 basement floors and 26 above-ground floors, with a total floor area of approximately 86,000 square meters. It is currently used as the headquarters of the DL Group.

The IB industry estimates the asset value of Donuimun D Tower at approximately 35 million KRW per 3.3 square meters. Based on the total floor area, the transaction price is expected to reach around 900 billion KRW.

 

 

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