F&F Sells Former Yeoksam Office Building for 162.5 Billion Won

Scheduled Disposal on March 31

F&F has sold its office building in Yeoksam-dong, Gangnam-gu, Seoul.

F&F announced on the 24th that it will dispose of the land and building of its Yeoksam-dong office building, which it jointly owns with F&F Holdings, for 136.2 billion won. The disclosed amount corresponds to F&F's equity stake, and the total sale price, including the stake held by F&F Holdings, is known to be 162.5 billion won.

F&F former office building. F&F

The counterparty to the transaction is Star Road Private Real Estate Investment Company No. 13, and the scheduled disposal date is March 31.

F&F relocated its headquarters last April to Center Point Gangnam on Tehran-ro in Gangnam.

The former Yeoksam office building is a property for which F&F directly purchased the land and constructed a new building. It was at one point converted into a rental property to secure income, but the company ultimately decided to sell it.