Lotte Construction's First Knowledge Industry Center Debuts in Magok District with May Sale

Lotte Construction's first knowledge industry center will be unveiled in the Magok-dong area of Seoul this May.

According to Lotte Construction on the 4th, the knowledge industry center located in Magok-dong, Gangseo-gu, Seoul, is built with a total floor area of approximately 30,000㎡, spanning from basement level 2 to the 12th floor above ground. It consists of 281 knowledge industry center units and 22 support facilities. It will be supplied right in front of the super-large business town Magok district, which includes major corporations and large-scale complex facilities (MICE), making it a highly scarce knowledge industry center that is expected to attract strong interest from demanders.

The Magok district is the last large-scale development district in Seoul, being developed at about six times the size of Sangam DMC. Major corporations such as Lotte, LG, Kolon, and Nexen are currently moving in. Nearby business districts include Sangam DMC and Yeouido, which are expected to create synergy effects with various companies. In addition, it is anticipated to benefit from multiple development projects such as MICE development projects, R&D centers, and the CJ site.

The knowledge industry center is a non-residential product, allowing free resale of pre-sale rights, and tenant companies can receive various tax reduction benefits such as acquisition tax and property tax. Value-added tax refunds are also available for newly purchased units.

Furthermore, once tenant companies establish their presence, they tend to lease for long periods to operate their businesses, so stable rental income is also expected. The sales promotion center will be set up in the Yangcheon-ro area of Gangseo-gu, Seoul.

This content was produced with the assistance of AI translation services.