Igis completes W900b acquisition of Doosan Tower

Igis Asset Management has completed its acquisition of Doosan Tower in central Seoul in a deal worth more than 900 billion won ($612 million), about a year after an earlier attempt to buy the landmark property fell through.

Igis paid the remaining balance and closed the transaction Monday, according to industry reports.

The 33-story office and retail complex in Dongdaemun was previously owned by Mastern Investment Management, which acquired it from Doosan Group for about 800 billion won in 2020. ...