▶ Proving data-driven asset analysis capabilities; strengthening expertise in real estate advisory for institutional investors
▶ Prime location near Sunae Station (Bundang Line) with high 'Value-add' potential through lease restructuring
▶ "Providing optimal exit scenarios expected to deliver both stability and growth potential simultaneously"
RSQUARE (CEO: Lee Yong-gyun), a comprehensive commercial real estate service firm, has been appointed as the sales advisor for 'N Tower Garden,' a key office asset in the Bundang Business District (BBD).
According to industry sources on the 14th, this appointment is the result of recognizing RSQUARE's office analysis capabilities, transaction experience, and data-driven strategic planning accumulated in the Bundang and Pangyo areas. Last year, the volume of assets advised by RSQUARE's Investment Advisory Division expanded approximately 2.5 times compared to 2024, showing rapid growth. With successive appointments as an advisor for major assets, the company is further solidifying its presence in the real estate advisory market for institutional investors.
N Tower Garden, located in Sunae-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, is a subway-accessible office building within a five-minute walk of Sunae Station (Suin-Bundang Line). It is a mid-sized asset consisting of 5 basement levels and 10 ground levels, with a total floor area of approximately 3,465 pyeong (11,454.86㎡). With a typical floor efficiency ratio reaching 59.76%, it is evaluated to have superior actual space efficiency compared to other offices in the district.
The area surrounding Sunae Station, where the asset is located, is a core intersection of business, commercial, and residential demand. This locational strength serves as a foundation for solid tenant demand and is perfectly positioned to absorb demand from mid-sized and IT companies considering relocating their headquarters to the Bundang area
The facility also boasts high competitiveness. It provides an airy working environment with a sophisticated curtain wall exterior and a ceiling height of approximately 2.6m, along with rest and community spaces for tenants, such as a rooftop garden. This fulfills the 'tenant welfare' element—a key trend in the recent office market—and is expected to further enhance leasing competitiveness.
The market is particularly focused on the 'Value-add' potential of N Tower Garden. With a Weighted Average Lease Expiry (WALE) of approximately two years, the property allows for easy re-tenanting or lease restructuring within a short period. The potential to normalize rent levels and elevate asset value according to investment strategies is cited as a major strength.
RSQUARE is currently establishing a sophisticated sales strategy for this asset, currently held by Mastern Investment Management, by comprehensively analyzing regional leasing and transaction data, tenant demand by industry, and comparable transaction cases. Going beyond simple brokerage, the company plans to provide a 'comprehensive investment advisory' service that closely examines the asset's structural strengths and operational possibilities.
"Bundang N Tower Garden is an asset with abundant potential for value enhancement through leasing strategies, coupled with excellent locational competitiveness," said Ho-jun Lee, Head of RSQUARE’s Investment Advisory Division. "We will lead to highly reliable results by presenting scenarios that satisfy both stability and growth for investors, and strategies that maximize asset value for the seller."
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▶ Proving data-driven asset analysis capabilities; strengthening expertise in real estate advisory for institutional investors
▶ Prime location near Sunae Station (Bundang Line) with high 'Value-add' potential through lease restructuring
▶ "Providing optimal exit scenarios expected to deliver both stability and growth potential simultaneously"
RSQUARE (CEO: Lee Yong-gyun), a comprehensive commercial real estate service firm, has been appointed as the sales advisor for 'N Tower Garden,' a key office asset in the Bundang Business District (BBD).
According to industry sources on the 14th, this appointment is the result of recognizing RSQUARE's office analysis capabilities, transaction experience, and data-driven strategic planning accumulated in the Bundang and Pangyo areas. Last year, the volume of assets advised by RSQUARE's Investment Advisory Division expanded approximately 2.5 times compared to 2024, showing rapid growth. With successive appointments as an advisor for major assets, the company is further solidifying its presence in the real estate advisory market for institutional investors.
N Tower Garden, located in Sunae-dong, Bundang-gu, Seongnam-si, Gyeonggi-do, is a subway-accessible office building within a five-minute walk of Sunae Station (Suin-Bundang Line). It is a mid-sized asset consisting of 5 basement levels and 10 ground levels, with a total floor area of approximately 3,465 pyeong (11,454.86㎡). With a typical floor efficiency ratio reaching 59.76%, it is evaluated to have superior actual space efficiency compared to other offices in the district.
The area surrounding Sunae Station, where the asset is located, is a core intersection of business, commercial, and residential demand. This locational strength serves as a foundation for solid tenant demand and is perfectly positioned to absorb demand from mid-sized and IT companies considering relocating their headquarters to the Bundang area
The facility also boasts high competitiveness. It provides an airy working environment with a sophisticated curtain wall exterior and a ceiling height of approximately 2.6m, along with rest and community spaces for tenants, such as a rooftop garden. This fulfills the 'tenant welfare' element—a key trend in the recent office market—and is expected to further enhance leasing competitiveness.
The market is particularly focused on the 'Value-add' potential of N Tower Garden. With a Weighted Average Lease Expiry (WALE) of approximately two years, the property allows for easy re-tenanting or lease restructuring within a short period. The potential to normalize rent levels and elevate asset value according to investment strategies is cited as a major strength.
RSQUARE is currently establishing a sophisticated sales strategy for this asset, currently held by Mastern Investment Management, by comprehensively analyzing regional leasing and transaction data, tenant demand by industry, and comparable transaction cases. Going beyond simple brokerage, the company plans to provide a 'comprehensive investment advisory' service that closely examines the asset's structural strengths and operational possibilities.
"Bundang N Tower Garden is an asset with abundant potential for value enhancement through leasing strategies, coupled with excellent locational competitiveness," said Ho-jun Lee, Head of RSQUARE’s Investment Advisory Division. "We will lead to highly reliable results by presenting scenarios that satisfy both stability and growth for investors, and strategies that maximize asset value for the seller."