Kiwoom Asset Management Completes Sale of Office Building in Dallas, Texas, USA

An office building located in Dallas, USA, recently sold by Kiwoom Asset Management.

[Asia Economy Reporter Eunmo Koo] Kiwoom Asset Management announced on the 11th that it has completed the sale of an office building located in Dallas, USA, setting the highest price in the region.

The asset was included in the 'Kiwoom Milestone US Specialized Investment Private Real Estate Investment Trust No. 9' fund established by Kiwoom Asset Management in 2016, with a 5-year maturity. However, considering the current market and exchange rate conditions, an early sale was decided and pursued.

Kiwoom Asset Management acquired the building in March 2016 by raising investment funds from investors, recognizing the growth potential of Dallas, Texas, which is ranked as the 7th largest metropolitan area in the US, and the investment value of high-quality assets.

Meanwhile, Kiwoom Asset Management recently launched public offering fund products such as Kiwoom Heroes Europe Office Real Estate Investment Trust and Kiwoom Heroes US Logistics Portfolio Real Estate Investment Trust.