Home to some of the highest rents in the area, GREITS Pangyo is a prime asset located in the heart of Pangyo, and is connected underground to Pangyo Station, which is why it generates such high demand for leasehold arrangements and therefore making it a perfect property for investments. Given its excellent location, GREITS Pangyo has attracted top corporations such as Naver and Hyundai Steel as tenants, maintaining 100% occupancy, and obtaining LEED GOLD certification in June 2023 as part of Shinhan Alpha REIT’s plan to build asset value and strengthen its ESG performance. With the completion of Block 6-1 (Kakao Agit) and Block 6-2 (Tech One) near Pangyo Station at the end of 2021, the Alpha Dome City project, which included GREITS Pangyo (Block 6-4), was successfully completed. The property value of GREITS Pangyo, located right next to Pangyo Station, is expected to increase further due to the development of the 2nd Pangyo Techno Valley and the upcoming 3rd Pangyo Techno Valley, as well as plans to extend Subway Line No. 8. Due to GREITS Pangyo’s locational advantages, stable management, and favorable development factors nearby, its appraised value in February 2021 was KRW 773.1 billion, an increase of 49% over three years compared to the acquisition price back in April 2018.