Commercial real estate services firm R.Square announced on the 8th that it completed advisory services for the sale of 'Humax Village,' a landmark office building in the Sunae district of Bundang, at the end of March this year.
Hanwha Vision acquired the asset from Korea Land Trust for approximately 280 billion won (about 20.75 million won per 3.3㎡). Hanwha Vision plans to use the building as its headquarters and office space for affiliates. Located in Bundang-gu, Seongnam-si, Humax Village has a gross floor area of approximately 44,594㎡ and is considered a landmark office building representing the Sunae district.
R.Square said it utilized a strategic investor (SI)-based matching structure for this transaction. The company focused on comprehensively analyzing the asset's location, scale, and potential uses, then connecting these factors with corporate demand from companies that could actually occupy the space.
In particular, R.Square selected potential buyers based on more than 500,000 data points accumulated in R.Square Analytics (RA) and expanded contact points with buyers by leveraging corporate networks established through its leasing and property management business.
"The role of strategic investors in the office sales market has been growing increasingly important," said Lee Ho-jun, Head of Investment Advisory at R.Square. "We will continue to provide strategic advisory services that meet the needs of both sellers and buyers by utilizing our SI network and proprietary data accumulated through our leasing, property management, and asset management businesses."