Rsquare, a comprehensive commercial real estate services corporations, said on the 14th that it was selected as the sell-side advisor for "N Tower Garden," a core office asset in the Bundang (BBD) area.
N Tower Garden is an office facility located in Sunae-dong, Bundang-gu, Seongnam, Gyeonggi Province, and is a station-area office a five-minute walk from Sunae Station on the Suin-Bundang Line. It is a medium-sized asset with five basement levels and 10 above-ground floors, totaling 11,454.86 square meters (about 3,465 pyeong) of gross floor area. With a standard-floor efficiency rate of 59.76% for exclusive use, it is considered to offer superior usable area efficiency compared to other offices in the area.
The area around Sunae Station where N Tower Garden is located is a key point where office, commercial, and residential demand intersect. With a curtain wall exterior and a ceiling height of about 2.6 meters, it provides an open work environment, and it is fully equipped with a rooftop garden and other rest and community spaces for tenants.
Lee Ho-jun, head of investment advisory at Rsquare, said, "Bundang N Tower Garden is an asset with strong location competitiveness and ample value-enhancement potential based on leasing strategy," adding, "For investors, we will present a scenario that satisfies both stability and growth, and for the seller, a strategy to maximize asset value, delivering highly reliable results."