In Korea, ICON Yeoksam in Seoul was divested for KRW 142.2 billion ($165.1 million), also above valuation, in August 2020.
CapitaLand has divested three retail malls in Japan and an office building in Korea for a total consideration of $448.7 million.
The Japanese properties are La Park Mizue and Vivit Minami-Funabashi in Greater Tokyo, as well as CO-OP Kobe Nishinomiya Higashi in Greater Osaka. These were divested above valuation for a total of JPY 21.99 billion ($283.6 million).
