Portfolio

SK Group's main office complex,
a landmark that
has grown together with the Group

  • The work of Jong Soung Kimm, the only Korean apprentice of Mies van der Rohe, one of the world's most renowned quartet of architects
  • Inspired by the Seagram Building in New York, a symbol of modernist architecture
  • Arrow-straight lines maximize the efficiency of the office complex
  • The highest building that is located within the Central Business District (CBD)
overview
Location 26 Jong-ro, Jongno-gu, Seoul (Seorin-dong 99) and another sit
Use approval date Oct. 19, 1999 (Renovated in 2019)
Service area Urban area, general commercial area Main use Business facilities
Land area 5,779㎡ (1,748 py) Total floor area 83,828㎡ (25,358 py)
Exclusive use ratio 53.50% Size B7 / 36F
Master tenant SK Inc.
Purchase price KRW 1,003.0 billion (July 6, 2021)
Estimated value of real estate KRW 1,292.0 billion (Dec. 31, 2023, Kyungil Appraisal Corporation)

Location

Lease status

  • Subject Asset SK Seorin
    Building
  • Tenant* SK Inc.
  • Lease Term** 5years
  • Rent Increase Rate*** Linked with CPI-increase rate for Seoul 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%

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

About
Tenants

skProfessional value investor that creates a sustainable future

SK Inc. generates profit from subsidiaries with global competitiveness in various business domains, including energy, chemistry, information and communication materials, logistics services, etc., selecting green, digital, advanced materials and bio business as the four key business domains, and based on this, is planning to actively promote new growth-investment companies in the field.

  • Total assets KRW 207.0trillion
  • Sales KRW 131.2trillion
  • Operating income KRW 5.1trillion
  • Credit Rating AA+

(As of Dec. 31, 2023, Consolidation basis)

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