PwC Advised on the sale of real estate owned by Sejong Institute

As the lead advisor, we successfully facilitated the sale of real estate owned by the Sejong Institute, a public interest foundation under the Ministry of Foreign Affairs. The property, located near Pangyo, includes a land area of 17,307 pyeong(56k ㎡) and a total building floor area of 4,180 pyeong(14k ㎡).

This transaction had previously encountered difficulties and discontinued in the sales process. Additionally, the seller being a public interest foundation and the property being a large, developable land in a prime location in Pangyo added significant complexity and pressure. However, the team's expertise and negotiation skills enabled us to achieve an early closing successfully.

Amid a deteriorated real estate market due to high interest rates, we utilized our extensive network within the construction and legal sectors to identify and address client needs and potential issues proactively. We provided precise and appropriate total solutions, while ensuring seamless deal closure through close and prompt collaboration with internal legal department.

This PwC team was led by Partner Sang-Woong Lee.