M&G Real Estate acquires 25.3% stake in Conrad Seoul Hotel in landmark South Korea investment

M&G Real Estate (M&G), acting on behalf of a separately managed account focused on value-added opportunities, has acquired a 25.3% stake in the five-star Conrad Seoul Hotel in South Korea for US$37.5 million (S$50.2 million). The acquisition brings M&G’s total assets under management in South Korea to US$3 billion. Located in Seoul’s financial business district […]