Mixed-use · Seoul Yeouido / IFC
Parc1 Tower Yeouido
108 Yeoui-daero, Seoul Yeouido / IFC · Built 1986 · 69 floors
Partial
sourcedmodeled0 of 6 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Tower 2 (53-storey): an ARA Korea-managed private real estate fund (ARA Asset Management Korea), acquired from developer Y22 Project Financing Investment in 2020 for ~KRW1 trillion / ~US$897m. Tower 1 (69/72-storey): Y22 / Y22 Project Financing Investment (the development SPV), master-leased by POSCO..
2 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
Tenants & leasing
Tenant roster & leasing
4 tenants of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.
Underwriting
Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
Provenance footnotes
- Current value: Estimated — no sourced claim on file.
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Tower 2 (53-storey): an ARA Korea-managed private real estate fund (ARA Asset Management Korea), acquired from developer Y22 Project Financing Investment in 2020 for ~KRW1 trillion / ~US$897m. Tower 1 (69/72-storey): Y22 / Y22 Project Financing Investment (the development SPV), master-leased by POSCO.: Single source — realassets.ipe.com · https://realassets.ipe.com/news/ara-korea-buys-parc1-tower-ii-office-building-for-krw1trn/10048889.article
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.