– 10 years of stable operating experience and know-how, based on which we derived a plan to enhance asset value and made a strategic proposal to secure the final contract.
– Strengthening the safety and health system of Parnas Tower, which is celebrating its 10th anniversary, and establishing a plan for systematic facility inspection and proactive maintenance management.
"We will do our best to maximize the asset value of Parnas Tower, leveraging our industry-leading asset management expertise and technological prowess."
S&I Corporation (CEO Hyung Won-jun, hereinafter referred to as S&I), a comprehensive real estate management company based on proptech, announced on the 4th that it has been selected as the final asset management (PM) operator for Parnas Tower, a landmark building in Gangnam, Seoul.
Parnas Tower is a 39-story, prime office building with a total floor area of 104,215.94 m2 (approximately 31,525 pyeong). S&I has been the asset manager of Parnas Tower since its completion in 2016. S&I successfully secured the contract in this bid, leveraging its 10 years of stable operational experience and expertise.
With this order, SNI plans to further enhance the safety and health management level of Parnas Tower by establishing specific and systematic implementation plans to strengthen the building safety and health system, including enhancing the compliance system with the Serious Disaster Punishment Act, establishing an annual education and training plan for operation and management personnel, and establishing a safety and health budget.
Furthermore, based on the facility improvement plans and long-term repair plans identified by the technical team, a systematic inspection and proactive maintenance plan will be developed for Parnas Tower, which is approaching its 10th anniversary. This plan aims to continuously secure the building's value and safety, and establish an operational system optimized for operational efficiency and management, thereby maximizing the building's long-term value.
Hyungwon Jun, CEO of SNI, said, “Through this re-contract for Parnas Tower asset management, we have further enhanced our status as the industry’s leading comprehensive real estate management company.” He added, “We will continue to maximize the asset value of Parnas Tower and lead a new paradigm in the real estate management field based on our industry-leading expertise and innovative capabilities.”
Meanwhile, S&I is a PropTech-based comprehensive real estate management company with experience managing over 500 buildings and 21,000 stores, including major buildings belonging to LG Group affiliates. It has spearheaded the industry's digital transformation (DX) by introducing around 100 diverse space management solutions centered on space-related platforms, including the Integrated Operation Center (IOC), Building Facility Management System (atG), Office Life Care App (Sandy App), Space Management E-commerce Mall (Sandy Mall), and Asset Management Platform (Sandy Property). S&I is actively pursuing a comprehensive real estate management business model that encompasses the entire commercial real estate value chain, including facilities management (FM), real estate asset management (PM), renovation, and lease management (LM) including purchases and sales.
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