Portfolio

Core R&D hub for SK Hynix,
“prime” office location near two
subway stations

  • A landmark property located in the central commercial area of the Bundang area
  • High rental and investment demand from major corporations and IT companies
  • Excellent access to the GBD, Pangyo, etc. connected via the Shinbundang DX Line
overview
Location 9 Seongnam-daero 343, Bundang-gu, Seongnam-si
Use approval date June 27, 2005
Service area Central commercial area, district-unit planning zone, venture-company-promotion organizations Main use Business facility / condominium building
Land area 6,532㎡ (1,976 py) Total floor area 86,803㎡ (26,258 py)
Exclusive use ratio 55.49% Size B6 / 28F
Master tenant SK Hynix
Purchase price KRW 507.2 billion (June 30, 2022)
Estimated value of real estate KRW 625.5 billion (Mar. 31, 2025, Kyungil Appraisal Corporation)

Location

Lease status

  • Subject Asset U-Tower
  • Tenant* SK Hynix
  • Lease Term** 5years
  • Rent Increase Rate*** Linked with CPI-increase rate for Gyonggi-do for previous year
  • Lease Deposit 10-months’ monthly rent
  • Management cost payment**** Triple Net
  • *100% Master Lease

    **Extension available upon tenant’s request (+5 years)

    ***While being linked with CPI-increase rate for previous year, with the threshold of 1.5% and cap of 5.0%

    ****Management cost Triple Net: Tenant bears maintenance costs, insurance premiums, and taxes and public imposts

About
Tenants

skA Global Top-Tier Company Contributing to Humanity and Society Through Technology

‘SK Hynix is the world’ s second-largest company in the DRAM and NAND semiconductor sectors, recording consolidated sales of KRW 66.2 trillion in 2024. Through its global tech leadership, SK Hynix strives to become a leading solution provider in the global ICT ecosystem, delivering greater value to stakeholders, including customers, partners, investors, local communities, and employees.

  • Total assets KRW 119.9 trillion
  • Sales KRW 66.2 trillion
  • Operating income KRW 23.5 trillion
  • Credit Rating AA

(As of December 31, 2024, on a consolidated basis)

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