Rsquare Data Platform RA, Adopted by 50 Companies in Just 8 Months

[Financial News] The comprehensive commercial real estate service Rsquare announced that the commercial real estate data analysis platform 'RA(Rsquare Analytics)', launched at the end of last year, has established service relationships with over 50 companies and institutions.
According to Rsquare on the 11th, not only major domestic asset management companies, securities companies, and construction companies but also global investment institutions such as Singapore GIC, Germany DWS, and PAG have joined the ranks of RA adopters.
Establishing relationships with more than 50 entities in just 8 months is an exceptional achievement considering the uniqueness of the commercial real estate industry. RA's main clientele consists of asset management companies, securities firms, and global investment institutions that trade large buildings worth over 100 billion won. These are organizations with rigorous verification processes and high entry barriers.
The commercial real estate market has long suffered from information asymmetry. Especially for large buildings, where a single building can be the size of a listed company, investment decisions were impossible without accurate information.
RA is gaining traction from customers because it provides real-time access to previously hard-to-obtain information such as tenant status by floor, 10-year rental trends, and regional comparative analysis. Rsquare stated, "RA is the only tool that provides such comprehensive detailed information for large building transactions," adding, "This is why demanding financial institutions and institutional investors are adopting it consecutively."
Currently, RA provides data on 6,966 commercial assets out of approximately 300,000 building data owned by Rsquare in Korea. Among them, for about 1,600 office buildings and 1,100 logistics centers, a team of over 60 research specialists visits the sites every quarter for updates.
The key to RA maintaining its competitive edge is 'the power of the field'. It directly verifies and provides information such as actual rent and vacancy status, ambient temperature and cold storage of warehouses, and truck docking availability, which cannot be known from building registers. By accessing the platform, users can check real transaction prices, rental prices, vacancy rates, building specifications, lease expirations, 10-year rental trends, regional comparative analysis, and detailed tenant information based on time series.
Additionally, it maximizes the operational efficiency of institutional investors by supporting the download of all data along with geographical information-based location analysis, market trend visualization, and automated building report functions.
RA's clientele consists of institutional investors trading large buildings worth hundreds of billions of won, known for undergoing rigorous verification processes when adopting new solutions. Particularly for foreign investment institutions, which undergo strict due diligence processes, the fact that 50 entities, including them, have used the service in just 8 months proves RA's completeness.
By industry, asset management companies are the most numerous. Many asset management companies, including Igis Asset Management, Koramco Asset Management, Samsung SRA Asset Management, Mirae Asset Global Investments, Shinhan REITs Management, and Capstone Asset Management, are utilizing RA for portfolio analysis and investment strategy formulation. Securities companies such as Samsung Securities, Meritz Securities, and Daishin Securities are also using or considering adopting RA for transaction case analysis, research report writing, and risk management.
In the construction and architecture sector, Samoo Architects & Engineers, Daelim, and Samsung C&T are using RA for project feasibility studies, location analysis, and demand forecasting. In addition, various institutions from different fields, such as Korea Land Trust, KT Estate, Nara Appraisal Corporation, Hyundai Commercial, and Correctional Mutual Aid Association, are using the service.
Global large institutional investors such as Singapore GIC, Germany DWS, and PAG are also using RA. It is evaluated that RA plays a practical role in enhancing information accessibility and analytical capability regarding the Korean commercial real estate market. These institutions have recognized 'lack of transparency' in the Korean real estate market as a major risk factor for investment, but with the advent of RA, they are finding clues to resolve the 'Korea Discount'.
Despite not having officially released an English version yet, RA is equipped with a basic Korean-English conversion function for overseas investors to analyze the Korean market. A formal English version, including automated standard report functions, interface revisions, and inter-regional comparison features tailored to the practices of global investment institutions, is expected to be released.
Rsquare aims to build an 'Asian Real Estate Data Hub' and is concurrently working on a comprehensive data survey and PM network expansion centered on its local subsidiary in Vietnam. They aspire to expand the RA model, verified in Korea, to major cities in Southeast Asia and become a data platform capable of global expansion like Japan's estie, the US's CoStar, and RCA.
Rsquare emphasized, "RA is the first platform to lower the information barrier in the Korean commercial real estate market," and "We will enhance the quality and practicality of the data to develop into a platform that can stand shoulder to shoulder with CoStar, RCA, estie, and others."

ming@fnnews.com Jeon Min-kyung Reporter