▶ Prime office asset 'Centerpoint Gwanghwamun' closed via Share-deal
▶ CBD transaction price at KRW 36.7 million per pyeong... Top of the pricing band
▶ "RSQUARE proves advisory excellence in maximizing core asset value"
RSQUARE (CEO: Lee Yong-gyun), a leading comprehensive commercial real estate service company, announced on the 15th that the sale of 'Centerpoint Gwanghwamun,' a prime office asset located in the Gwanghwamun district of Seoul, has officially closed.
The transaction was executed as a Share-deal between the seller, Koramco Asset Trust, and the buyer, Kyobo AIM Asset Management. The deal was finalized at KRW 36.7 million per 3.3㎡ (pyeong), totaling KRW 432 billion. RSQUARE’s Investment Advisory Division, alongside Deloitte, advised on the entire process of this transaction.
Centerpoint Gwanghwamun is a prime office building with a total floor area of 38,947㎡, spanning 7 basement levels and 20 stories above ground. It is recognized as a "Core Asset" with long-term stability, as it hosts Kim & Chang, Korea's largest law firm, as its anchor tenant. The Gwanghwamun district is a premier location within the CBD (Central Business District), known for its high concentration of administrative, legal, and financial institutions.
This deal reaffirms the ongoing "Flight-to-Quality" trend among investors, even as new supply becomes more visible in the market. In 2024, the transaction volume for the domestic office market reached approximately KRW 13.7 trillion, showing a recovery from the previous year. Moving into 2025, sales prices in major business districts continue to maintain an upward trajectory.
Recent transactions in the CBD have ranged between KRW 31 million and KRW 37.2 million per pyeong. The Centerpoint Gwanghwamun deal was closed at the upper end of this pricing band, and it is expected to serve as a significant market benchmark for CBD pricing going forward.
During this transaction, RSQUARE’s Investment Advisory Division was responsible for targeting potential buyers, designing the Share-deal structure, and mediating the interests of both parties. The team successfully proposed a transaction structure that met the investment criteria of the buyer while achieving the exit objectives of the seller.
"Centerpoint Gwanghwamun is a core asset that offers both location superiority and lease stability through its anchor tenant," said Ho-jun Lee, Head of RSQUARE’s Investment Advisory Division. "We will continue to provide optimal solutions to investors based on our deep market data and transaction expertise."
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▶ Prime office asset 'Centerpoint Gwanghwamun' closed via Share-deal
▶ CBD transaction price at KRW 36.7 million per pyeong... Top of the pricing band
▶ "RSQUARE proves advisory excellence in maximizing core asset value"
RSQUARE (CEO: Lee Yong-gyun), a leading comprehensive commercial real estate service company, announced on the 15th that the sale of 'Centerpoint Gwanghwamun,' a prime office asset located in the Gwanghwamun district of Seoul, has officially closed.
The transaction was executed as a Share-deal between the seller, Koramco Asset Trust, and the buyer, Kyobo AIM Asset Management. The deal was finalized at KRW 36.7 million per 3.3㎡ (pyeong), totaling KRW 432 billion. RSQUARE’s Investment Advisory Division, alongside Deloitte, advised on the entire process of this transaction.
Centerpoint Gwanghwamun is a prime office building with a total floor area of 38,947㎡, spanning 7 basement levels and 20 stories above ground. It is recognized as a "Core Asset" with long-term stability, as it hosts Kim & Chang, Korea's largest law firm, as its anchor tenant. The Gwanghwamun district is a premier location within the CBD (Central Business District), known for its high concentration of administrative, legal, and financial institutions.
This deal reaffirms the ongoing "Flight-to-Quality" trend among investors, even as new supply becomes more visible in the market. In 2024, the transaction volume for the domestic office market reached approximately KRW 13.7 trillion, showing a recovery from the previous year. Moving into 2025, sales prices in major business districts continue to maintain an upward trajectory.
Recent transactions in the CBD have ranged between KRW 31 million and KRW 37.2 million per pyeong. The Centerpoint Gwanghwamun deal was closed at the upper end of this pricing band, and it is expected to serve as a significant market benchmark for CBD pricing going forward.
During this transaction, RSQUARE’s Investment Advisory Division was responsible for targeting potential buyers, designing the Share-deal structure, and mediating the interests of both parties. The team successfully proposed a transaction structure that met the investment criteria of the buyer while achieving the exit objectives of the seller.
"Centerpoint Gwanghwamun is a core asset that offers both location superiority and lease stability through its anchor tenant," said Ho-jun Lee, Head of RSQUARE’s Investment Advisory Division. "We will continue to provide optimal solutions to investors based on our deep market data and transaction expertise."