▶ Transaction closes six months after sale advisor selection, marking the first advisory-led physical property deal between domestic listed REITs
▶ RSQUARE and Savills Korea lead asset analysis, investor marketing, and negotiation through to closing, further strengthening their REIT advisory track record
▶ Following Centerpoint Gwanghwamun and Humax Village, another major office deal closes — "Proving market competitiveness through data and investor network"
RSQUARE (CEO: Lee Yong-gyun), a full-service commercial real estate firm, has successfully advised and closed the first physical real estate transaction between domestic listed REITs in South Korea.
On the 24th, RSQUARE announced that 'A1 Tower Dangsan,' located in Yeongdeungpo-gu, Seoul — for which RSQUARE served as co-sale advisor alongside Savills Korea — completed its sale for 163.0 billion KRW. Samsung FN REIT acquired the asset from NH All-One REIT, with the deal officially closing on the 13th, roughly six months after RSQUARE was appointed sale advisor in February.
This transaction marks the first instance of a domestic listed REIT directly acquiring physical real estate held by another listed REIT. RSQUARE was involved across the entire transaction process — including asset analysis, sale strategy formulation, investor marketing, and negotiation — advising from preferred bidder selection through to final closing. By brokering a 163.0 billion KRW transaction between institutional REIT entities, RSQUARE further strengthened its advisory track record in REIT asset transactions.
At the heart of the deal was aligning the differing operational objectives of the seller and buyer with the asset's specific characteristics. NH All-One REIT sought to rebalance its portfolio through asset disposal, while Samsung FN REIT was looking to add a new asset that could generate stable rental income. With A1 Tower Dangsan anchored by key Samsung financial affiliates — including Samsung Life Service — as major tenants, the asset offered immediate operational stability backed by an established tenant base. RSQUARE structured the deal by aligning these asset characteristics with each party's investment mandate.
RSQUARE's Investment Advisory Division continues to convert sale advisory mandates into completed transactions. In October last year, the division advised on the full sale process for the 432.0 billion KRW 'Centerpoint Gwanghwamun' deal, followed by the 280.0 billion KRW closing of 'Humax Village' in the Sunae submarket of Bundang this past March. With the successful closing of major office assets including A1 Tower Dangsan, RSQUARE continues to expand its track record in large-scale asset advisory.
These results are underpinned by RSQUARE's proprietary commercial real estate database and extensive investor network. By combining district- and transaction-level data analytics powered by RA (RSQUARE ANALYTICS) with the corporate and institutional investor network built through its leasing and transaction advisory work, RSQUARE refines buyer demand for each asset and targets investors with a high likelihood of closing. The firm's advisory model is built not simply around securing mandates, but around executing deals through to completion.
"In sale advisory, what matters most is accurately analyzing an asset's characteristics, identifying matching buy-side demand, and executing the transaction through to closing," said Ho-jun Lee, Head of the Investment Advisory Division at RSQUARE. "Leveraging our data and investor network, we will continue to expand our advisory capabilities to uncover diverse buyer demand and see deals through to final closing."
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▶ Transaction closes six months after sale advisor selection, marking the first advisory-led physical property deal between domestic listed REITs
▶ RSQUARE and Savills Korea lead asset analysis, investor marketing, and negotiation through to closing, further strengthening their REIT advisory track record
▶ Following Centerpoint Gwanghwamun and Humax Village, another major office deal closes — "Proving market competitiveness through data and investor network"
RSQUARE (CEO: Lee Yong-gyun), a full-service commercial real estate firm, has successfully advised and closed the first physical real estate transaction between domestic listed REITs in South Korea.
On the 24th, RSQUARE announced that 'A1 Tower Dangsan,' located in Yeongdeungpo-gu, Seoul — for which RSQUARE served as co-sale advisor alongside Savills Korea — completed its sale for 163.0 billion KRW. Samsung FN REIT acquired the asset from NH All-One REIT, with the deal officially closing on the 13th, roughly six months after RSQUARE was appointed sale advisor in February.
This transaction marks the first instance of a domestic listed REIT directly acquiring physical real estate held by another listed REIT. RSQUARE was involved across the entire transaction process — including asset analysis, sale strategy formulation, investor marketing, and negotiation — advising from preferred bidder selection through to final closing. By brokering a 163.0 billion KRW transaction between institutional REIT entities, RSQUARE further strengthened its advisory track record in REIT asset transactions.
At the heart of the deal was aligning the differing operational objectives of the seller and buyer with the asset's specific characteristics. NH All-One REIT sought to rebalance its portfolio through asset disposal, while Samsung FN REIT was looking to add a new asset that could generate stable rental income. With A1 Tower Dangsan anchored by key Samsung financial affiliates — including Samsung Life Service — as major tenants, the asset offered immediate operational stability backed by an established tenant base. RSQUARE structured the deal by aligning these asset characteristics with each party's investment mandate.
RSQUARE's Investment Advisory Division continues to convert sale advisory mandates into completed transactions. In October last year, the division advised on the full sale process for the 432.0 billion KRW 'Centerpoint Gwanghwamun' deal, followed by the 280.0 billion KRW closing of 'Humax Village' in the Sunae submarket of Bundang this past March. With the successful closing of major office assets including A1 Tower Dangsan, RSQUARE continues to expand its track record in large-scale asset advisory.
These results are underpinned by RSQUARE's proprietary commercial real estate database and extensive investor network. By combining district- and transaction-level data analytics powered by RA (RSQUARE ANALYTICS) with the corporate and institutional investor network built through its leasing and transaction advisory work, RSQUARE refines buyer demand for each asset and targets investors with a high likelihood of closing. The firm's advisory model is built not simply around securing mandates, but around executing deals through to completion.
"In sale advisory, what matters most is accurately analyzing an asset's characteristics, identifying matching buy-side demand, and executing the transaction through to closing," said Ho-jun Lee, Head of the Investment Advisory Division at RSQUARE. "Leveraging our data and investor network, we will continue to expand our advisory capabilities to uncover diverse buyer demand and see deals through to final closing."