First Transaction Between Domestic Listed REITs...RSQUARE Completes Sale Advisory for 'A1 Tower Dangsan'

[Financial News] RSQUARE announced on the 24th that 'A1 Tower Dangsan' in Yeongdeungpo District, Seoul, which it advised on together with Savills Korea as co-sale advisor, has completed its final transaction for 163 billion won.
The deal came about six months after the firm was selected as the sale advisor in February. In this transaction, Samsung FN REIT acquired an asset previously held by NH All One REIT, marking the first case in which one listed REIT in Korea directly acquired real estate owned by another listed REIT.
A key factor in the deal was that it precisely matched the seller NH All One REIT's need to reorganize its portfolio with Samsung FN REIT's demand to add assets that could generate new rental income. In particular, A1 Tower Dangsan proved attractive because major tenants include Samsung financial affiliates such as Samsung Life Service, making stable operations possible. RSQUARE closely supported the entire process, from asset analysis and sale strategy development to investor marketing and negotiations, leading to the selection of the preferred bidder and the final closing.
RSQUARE's investment advisory division has built a strong track record by successively closing large office deals, following last year's 432 billion won sale of Centerpoint Gwanghwamun and the 280 billion won sale of Humax Village in Bundang in March this year. The company says these results were driven by the combination of its in-house commercial real estate data platform, RA, and its extensive network of corporate and institutional investors, which allowed it to identify buyers with a high likelihood of completing actual transactions.
An RSQUARE official said, "We have once again proven our advisory capabilities by identifying buyer demand suited to each asset based on data and our investor network, and connecting that demand through to closing." The official added, "We plan to continue demonstrating differentiated execution in the commercial real estate market, including REIT asset transactions."
[email protected] Jeon Min-kyung Reporter