CapitaLand Group Pte. Ltd. (“CapitaLand”), a Singapore-based real estate investment management and development company, has completed its first successful hospitality acquisition in South Korea with the purchase of THE CONNOISSEUR Residence in Yeouido, Seoul, for KRW73 billion. The 161-key property, which includes a fitness centre, a rooftop garden, and a private club, is located in the Yeouido District, a major financial and business hub in Seoul. It sits approximately 200 metres from the National Assembly Station on Seoul Subway Line 9, offering direct access to Gimpo International Airport and city landmarks such as the Seoul Botanic Garden. Originally developed by South Korea-based Kunyoung Co., Ltd., the asset was designed and operated by South Korea-based Trinity D&C Co., Ltd. (“Trinity D&C”). Prior to CapitaLand’s acquisition, over half of the units had been pre-sold to individual buyers. CapitaLand worked with Trinity D&C to consolidate and secure full ownership of all units th…
