IGIS Asset Management revealed the retail space of the fully renovated 'One Sentinel' on the 3rd, previously known as Shinhan Investment Corp. Tower. This comes three years after acquiring the asset in August 2022.
One Sentinel is a project that consolidates a large-scale value-add strategy planned by IGIS Asset Management. The value-add strategy refers to a real estate investment method that increases the asset value of buildings through remodeling, change of use, and improvement of leasing structures to generate revenue.
The most significant change is the substantial expansion of the retail space through horizontal extensions in the podium style, from the basement level 1 to the third floor. The existing commercial facility, which was only on part of the first floor, has been greatly increased to encompass four floors, enlarging the total floor area from 69,974 square meters to 70,637 square meters. Notably, the exclusive area increased by 1,894 square meters to 35,238 square meters, improving the exclusive rate from 47.7% to 49.9%, a rise of 2.2 percentage points.
In addition, two shuttle elevators for retail users have been newly installed, and escalators connecting the 1st to 2nd floors and the 2nd to 3rd floors were created, significantly improving accessibility to the commercial facilities, according to the company. The existing small electronic display panels were replaced with large curved media advertisement boards, and the facade of the 1st and 2nd floors was treated with glass curtain walls and nighttime landscape lighting was introduced.
The core of One Sentinel retail is its differentiated F&B (food and beverage) offerings. On the basement 1st floor, stores featuring chefs from Netflix's "Culinary Class Wars" will be prominently opened. Chef Kim Byung-mook, known as the 'King of Yakitori', will present 'Yakitori Mook', and chef Jo Seo-hyung, renowned as a genius in business, will showcase 'Yeouido Fairy' in a street-style space with a traditional concept. Furthermore, chef Nam Jun-young's Japanese restaurant 'Kibo Rock & Roll' is also set to open, expected to become a new dining space in the securities district.
In addition, trending cafe brands such as 'Rawhide', 'Teddy's Oven', and 'Brick Sand' will be located on the ground floor, while popular eateries like 'Special Obok Seafood', 'Muan Hoegwan', 'Central Haejang', 'Muwol', and 'Mimi Ok' will occupy the 2nd floor. On the 3rd floor, a beef specialty restaurant called 'Seolseong Ranch' will be established.
Significant improvements have also been made to the office space. Bathrooms were rearranged and expanded, and the ceiling height of the exclusive area was increased from the previous 2.55 meters to between 2.6 and 3.0 meters, greatly enhancing the space's utility and comfort. Some of the existing parking space has been converted into retail and storage, and a drop-off zone was established to improve accessibility.
A representative from IGIS Asset Management noted, "One Sentinel is a project that goes beyond simple remodeling to enhance the vitality of the entire Yeouido area, showcasing IGIS's value-add capabilities through physical space improvements and differentiated tenant planning."