Aegis Asset Management noted on the 5th that the office building "One Grove" in Gangseo-gu, Seoul, received Silver certification for its Core and Shell under the Leadership in Energy and Environmental Design (LEED) program last month.

Photo of One Grove Central Garden in Gangseo-gu, Seoul. /Courtesy of Igis Asset Management

LEED is an environmentally friendly building certification system developed by the U.S. Green Building Council (USGBC). In particular, the Core and Shell certification focuses on evaluating the building's essential structure and exterior. It indicates that the building's framework, outer walls, and mechanical, electrical, and plumbing systems have been completed in an environmentally friendly manner.

According to Aegis Asset Management, environmentally friendly building certification positively impacts asset value enhancement. Buildings certified under LEED can reduce operating costs through energy and water resources savings and are also advantageous in attracting tenants who prioritize sustainability. In some countries and cities, benefits such as tax reductions and relaxed building regulations are also offered.

As of the previous day, the total number of LEED certifications in the country reached 381. Aegis Asset Management alone has obtained 36 LEED certifications, accounting for 9.4% of the total. Earlier, Aegis Asset Management's development assets, "Corner 136" in Mapo-gu, Seoul, and "Factorial Seongsu" in Seongdong-gu, also received Gold certification and were internationally certified as environmentally friendly buildings.

An official from Aegis Asset Management stated, "Obtaining LEED certification demonstrates that the assets being developed and operated meet global standards for environmentally friendly buildings," adding, "We will continue to enhance the environmental value of our operating assets and practice sustainable real estate asset management."

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