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IBM Korea signs lease as anchor tenant in Three IFC
IBM Korea and AIG Global Real Estate, developer of the International Finance Centre Seoul announced on May 30, 2014 that a definitive agreement has been reach for IBM Koreato locate its Korean headquarters into nine (9) floors as the anchor tenant in the 54 story, Three IFC office tower. After a complete analysis of the Seoul office market over the last 18 months, IBM concluded that it would move its base back to Yeouido where it was once located from 1981~1999, before relocating to Dogok-dong, Gangnam. IBM Korea will occupy level 6 through to level 14 and relocate to the new building in early 2015
Ms. Shirley Yu-Tsui, President of IBM Korea stated “we are a business that serves clients and to do so we need our employees engaged in their roles and working seamlessly to reach those goals. IFC Seoul provides a solid premise foundation to do that. We will be close to the airports, excellent accessibility, have a hotel on our doorstep for client events and accommodating our overseas visitors,of course modern office space, and associated retail amenities for the benefit of our employees. We are excited about the move to IFC Seoul.”
Mr. Trey Freeman, President and CEO of AIG Korean Real Estate Development, YH responsible for the development and management of IFC Seoul commented “we are delighted that an iconic global tenant like IBM Korea has selected Three IFC as its new office premises. IBM’s decision to locate to IFC underscores the fact thatAIG Global Real Estate’s goals of creating a successful international mixed-use financial center are being successfully realized, and their presence proves that IFC appeals to global firms seeking international best in class and state of the art modern offices, and the integrated amenities and convenience IFC Seoul offers.“
Mr. Freeman added “we have now signed over 75 companies from a wide range of industries who have moved into our One IFC and Two IFC buildings, and are very pleased to anchor our leasing efforts for Three IFC, our largest tower at 54 floors with IBM Korea. We now have companies from USA, Germany, China, Japan, Great Britain, Australia as well as some Korean companies which was the goal of IFC Seoul from the beginning..”
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