Property Overview
·Majestarcity Tower 1 is a prime office building with a total floor area of 46,580.84㎡, located a 2-minute walk from Seocho Station.
·‘Mirae Asset MAPS REIT 1 invested approximately KRW 10.9 billion through an equity offering to invest in preferred shares of this property.
| Category | Property Overview |
|---|---|
| Investment Asset | A portion of the equity securities of the preferred shares issued By KORAMCO REITs No. 66 |
| Address | 12, Seocho-daero 38-gil, Seocho-gu, Seoul (1498-5 Seocho-dong) |
| Size | B7~F17 |
| Land Area | 5,433.35㎡ |
| Gross Floor Area | 46,580.84㎡ |
| Completion Date | June 2017 |
Regional Analysis
·Majestarcity Tower 1 is strategically positioned at the intersection of Seocho-daero and Banpo-daero, with Seocho Station just a 2-minute walk away, ensuring convenient access to the Central Business District(CBD) and Yeouido Business District(YBD) via both private vehicles and public transportation.
·With the extension of the Sin Bundang Line to the northwest, the underground construction of the Gyeongbu Expressway, and the GTX-C line among other nearby transportation developments, accessibility to Seoul and the metropolitan area is expected to significantly improve.
Nearby Transportation Development Projects
·Northwest extension of the Shinbundang Line (Shinsa to Yongsan), scheduled for completion in 2030.
·Underground construction of the Gyeongbu Expressway (Yangjae IC to Hannam IC), projected to be completed by 2033.
·Establishment of the GTX-C line (Greater Seoul Metropolitan Express Railway), expected to be completed by 2028.
Tenet Overview
