Assets
Office · Seoul Yeouido / IFC

Seoul IFC (3 Towers)

10 Gukjegeumyung-ro, Seoul Yeouido / IFC · Built 1992 · 55 floors
Partial
Current value
$3.20B
▲ 4.9% 1-yr (modeled)
Cap rate
4.95%
▲ 25 bps vs 4.70% submarket
NOI · derived
$158.4M
Value $/SF
$593
$2.57B$2.75B$2.92B$3.09B$3.27B201920202021202220232024Modeled trajectory — no observed history
sourcedmodeled0 of 6 sourced

Ownership & debt

Ownership graph

Asset → owner → parent → beneficial owner · every edge sourced

Ownership transparency

Recorded chain
Recorded owners
Brookfield Asset Management (via a Brookfield-managed real estate continuation fund that closed ~KRW1.2 trillion in 2025/2026 to retain the three office towers and mall after the failed Mirae Asset sale)
Fee simple
China Investment Corporation (CIC)
CN · 企业 · Equity interest
Kuwait Investment Authority
KW · Equity interest
Ultimate beneficial owner — as recorded
Brookfield Asset Management / Brookfield Corporation
Beneficial interest
Brookfield Corporation (publicly listed), as sponsor/manager of the continuation fund. China Investment Corporation (CIC, Chinese sovereign wealth fund) is a confirmed equity LP in the continuation fund (alongside Kuwait Investment Authority, Korea Teachers Pension, Shinhan Asset Management, Keppel Investment Management and Samsung Securities).
Beneficial interest
Corporate structures from GLEIF LEI Level-1/Level-2 data (CC0, golden copy 2026-07-26). Methodology

Debt

No publicly recorded debt
Debt appears here only when a recorded mortgage, deed of trust or securitization filing names this asset — nothing is inferred from ownership or market norms.
Securitized debt — SEC loan tape
No SEC ABS-EE loan-level filing is matched to this asset. Public loan tapes exist only for SEC-registered CMBS — most large-asset debt is 144A-private, balance-sheet or agency financed and files none.

Underwriting

Assumptions — user inputs, not sourced data: 5-year hold · exit cap +25 bps vs today · 3.0% NOI growth per year.
Assumptions — user inputs, not sourced data
Hold period
Exit cap vs today
+25 bps
NOI growth / yr
3.0%
Unlevered IRR
7.2%
Exit cap
5.20%
Exit value
$3.53B
Exit NOI
$183.6M
Unlevered IRR sensitivity — exit cap Δ × NOI growth
Exit Δ2.0%2.5%3.0%3.5%4.0%
-25 bps8.0%8.5%9.1%9.6%10.1%
0 bps7.0%7.6%8.1%8.6%9.1%
+25 bps6.1%6.7%7.2%7.7%8.2%
+50 bps5.3%5.8%6.3%6.8%7.4%
+75 bps4.5%5.0%5.5%6.0%6.5%
Modeled output — not investment advice. Derived from the assumptions above, not sourced claims.

Provenance footnotes

  1. Current value: Estimated — no sourced claim on file.
  2. Cap rate: Estimated — no sourced claim on file.
  3. NOI: Estimated — no sourced claim on file.
  4. $/SF: Estimated — no sourced claim on file.
  5. GLA: Estimated — no sourced claim on file.
  6. Ownership — Brookfield Asset Management (via a Brookfield-managed real estate continuation fund that closed ~KRW1.2 trillion in 2025/2026 to retain the three office towers and mall after the failed Mirae Asset sale): Single source — en.sedaily.com · https://en.sedaily.com/finance/2026/05/08/teachers-pension-invests-100-billion-won-in-ifc-brookfield
  7. Ownership — China Investment Corporation (CIC): Single source — en.sedaily.com · https://en.sedaily.com/finance/2026/05/08/teachers-pension-invests-100-billion-won-in-ifc-brookfield
  8. Ownership — Kuwait Investment Authority: Single source — en.sedaily.com · https://en.sedaily.com/finance/2026/05/08/teachers-pension-invests-100-billion-won-in-ifc-brookfield

Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration and every underwriting output are derived arithmetic, not sourced claims. Underwriting outputs follow the assumptions printed in the panel — user-editable inputs, not observations. Not investment advice.

Anchoring begins when the asset enters the live ledger.