Alsquare (CEO Lee Yong-gyun), a comprehensive commercial real estate services company, has been selected as the sales advisor for 'N Tower Garden,' a key office asset in the Bundang area.
According to industry sources, this selection is a recognition of Alsquare's office analysis capabilities, transaction experience, and data-driven strategy development capabilities, which the firm has accumulated in the Bundang and Pangyo regions. Alsquare's Investment Advisory Division has strengthened its position in the real estate advisory market for institutional investors, with its advisory assets expanding approximately 2.5 times compared to last year.
N Tower Garden is an office facility located in Sunae-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, a five-minute walk from Sunae Station on the Suin-Bundang Line. Its convenient location makes it a convenient location for business travelers. Spanning 10 floors above ground and 5 floors below ground, the building boasts a total floor area of approximately 3,465 pyeong (11,454.86 m2). With a standard floor occupancy rate of 59.76%, it boasts a higher usable floor area efficiency than other office buildings in the area.
The Sunae Station area, a complex intersection of business, commercial, and residential needs, is ideally positioned to accommodate the demand from mid-sized companies and IT companies considering relocating to the Bundang area. The building boasts a sophisticated curtain wall exterior, ceiling heights of approximately 2.6 meters, and a rooftop garden, providing tenant relaxation and community spaces, making it highly competitive in rental properties.
The market is paying attention to the possibility of 'value-add', which can increase asset value through short-term retenancy or lease restructuring, as N Tower Garden's short-term WALE (Weighted Average Lease Life) is approximately two years.
Alsquare is developing a sophisticated sales strategy for the assets held by Mastern Investment Management by comprehensively analyzing regional rental and sales data, industry-specific rental demand, and similar transaction history. Beyond simple brokerage, Alsquare plans to provide a comprehensive investment advisory service that meticulously examines asset structure and operational viability.
Lee Ho-jun, head of Alsquare Investment Advisory, said, “N Tower Garden has excellent location competitiveness and great potential for value enhancement through leasing strategies. We will provide investors with stability and growth potential, and sellers with strategies that maximize asset value.”
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