Korea Investment Real Asset Management's New York office fund has defaulted on its senior loan, triggering an EOD, as asset sales falter amid a sluggish U.S. office market; penalty rates apply, and negotiations to delay collateral enforcement are underway.
#YonhapInfomax #KoreaInvestmentRealAssetManagement #NewYorkOfficeFund #EventOfDefault #SeniorLoan #OccupancyRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=89237
Korea Investment's 'New York Office Fund' Faces EOD—Negotiations Underway to Delay Collateral Enforcement
Korea Investment Real Asset Management's New York office fund has defaulted on its senior loan, triggering an EOD, as asset sales falter amid a sluggish U.S. office market; penalty rates apply, and negotiations to delay collateral enforcement are underway.
Yonhap Infomax
Seoul Monthly Rent Ratio Rises to 65%—Co-Living Investments Gain Momentum
Seoul’s monthly rent contracts hit a record 65%, fueling rapid growth in the co-living sector as global and domestic investors target this emerging real estate asset class.
Yonhap Infomax
Hospitality and people-centric flex workspaces attract and retain workers - FM Media
A successful flex-working space is hospitality-led and grounded in a warm, inviting and people-centric tone.
FM Media
Working from home has ‘no impact on government productivity’ despite demands for return to office
The general secretary of the PCS union called for Mr Johnson and Mr Rees-Mogg to apologise for their ‘slurs’
The Independent