Hana Bank Signs Comprehensive Real Estate Asset Management Agreement with FastFive

Jung Won-gi, Head of Asset Management Division at Hana Bank (right), and Kim Dae-il, CEO of Fast Five, are taking a commemorative photo after signing a business agreement.

[Asia Economy Reporter Kwangho Lee] Hana Bank announced on the 8th that it has signed a business agreement with FastFive to provide comprehensive real estate asset management services.

FastFive, established in 2015, is the leading shared office company in Korea. As of August 2021, it operated 36 branches, housed about 2,000 tenant companies, and had approximately 20,000 members. It provides office spaces tailored to various sizes and needs according to the scale and number of employees of companies ranging from startups to large corporations, contributing to the increase in the value of the buildings where tenants reside.

Through this agreement, the two companies will jointly pursue various tasks including ▲providing building solutions for commercial real estate asset owners ▲supporting professional financial consulting for FastFive tenant companies ▲offering comprehensive personal and corporate asset management services for tenant companies.

First, Hana Bank will connect commercial real estate asset owners who are experiencing difficulties with vacancies and building management with FastFive. FastFive will provide a one-on-one customized building solution service that includes remodeling buildings into shared offices, arranging tenant companies, and sharing the resulting profits and costs.

Additionally, Hana Bank will offer financial advisory services such as interior cost loans and structured financing support tailored to the demands of FastFive and tenant companies for office relocations and building purchases. It will also provide differentiated comprehensive asset management services through Hana Bank’s tax, legal, and real estate experts, along with basic asset management services for companies and owners.

Jung Won-ki, Head of Hana Bank’s Asset Management Business Division, said, "Through continuous cooperation with FastFive, we will expand real estate and financial consulting services for VIP asset owners and small and medium-sized enterprise owners and lead the way in providing win-win solutions by offering differentiated comprehensive asset management services."

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