A Rare Investment Opportunity Combining Stable Rental Income and Value-Add Potential, Backed by Dual Access to Sinnonhyeon and Gangnam Stations
A consortium comprising Cushman & Wakefield Korea and Kyobo Realco is officially launching the sale of “A-Pro Square,” a mid-to-large-sized office asset located within Seoul’s Gangnam Business District (GBD). As a rare office asset of this scale within the GBD, it offers both stable rental income and diverse value-add potential, and is expected to attract significant interest from domestic and international investors.
- Prime Location in the GBD with Access to Two Subway Stations… A Rare Opportunity to Acquire a Mid-to-Large-Sized Office Property
A-Pro Square is an office asset with a total floor area of approximately 8,234 pyeong, located in Nonhyeon-dong, Gangnam-gu, Seoul. It boasts a prime location with access to two subway stations—a 2-minute walk from Sinnonhyeon Station and a 7-minute walk from Gangnam Station. Since a significant number of office properties of similar size in the Gangnam area are operated as corporate headquarters or under condominium ownership, the number of investment properties actually available for transaction is very limited; this transaction is therefore regarded as a rare opportunity to acquire a mid-to-large-sized office building in a prime GBD location.
- Stable Rental Income Base… Steady Tenant Demand Expected to Continue
This asset generates stable cash flow based on a 100% occupancy rate and long-term lease structures. Located in the GBD—a area highly favored by domestic and international companies and investors—it has a solid foundation of tenant demand. Given the limited new supply in the Gangnam office market and the ongoing upward trend in rents, tenant demand is expected to remain stable in the future.
- High-Capacity Electrical Infrastructure and Excellent Physical Specifications… Catering to Diverse Tenant Needs
Located on Gangnam-daero—regarded as one of the premier commercial districts in Korea—this asset secures abundant tenant demand from the medical and retail sectors. Furthermore, with a power supply capacity of 4,500 kW—significantly higher than that of competing properties in the vicinity—it can accommodate a wide range of industries with high power demands, such as securities firms, gaming companies, and IT firms, and possesses sufficient spare capacity to attract power-intensive tenants in the future.
- Potential for 1,000 pyeong of contiguous floor space… Meeting demand for corporate relocations and consolidated offices
It is also noteworthy that, starting in July 2027, it will be possible to secure a large contiguous floor with a net floor area of over 1,000 pyeong on the top floor. Since properties in the Gangnam area capable of providing contiguous floors of this scale for actual use are rare, this asset stands out for its ability to effectively meet the needs of companies considering corporate relocations or consolidated office spaces.
- Diverse Value-Add Strategies… Potential for Asset Value Appreciation
This asset allows for the implementation of various value-add strategies, such as improving net-to-gross ratios through space optimization and repurposing upper floors. As it offers both the potential for increased rental income and room for asset value appreciation, it is expected to be an attractive investment opportunity for both institutional investors seeking stable returns and asset management firms aiming for active value creation.
A representative from Cushman & Wakefield stated, “A-Pro Square is a rare office asset within the GBD that offers a size of over 8,000 pyeong and the ability to secure contiguous floors of over 1,000 pyeong,” adding, “Based on its multifaceted strengths—including high-capacity water and electricity infrastructure, its location on Gangnam-daero, and accessibility to two subway stations—it possesses both stable rental income and potential for future value appreciation, so we expect high interest from domestic and international investors.”
