KB Asset Management, LEED Gold Certification for Eco-Friendly Building Evaluation

"Major Assets SK Securities Building and Center Place,
International Green Building Certification"

Two major assets managed by KB Asset Management through real estate funds have obtained internationally recognized green building certification.

Center Place (left) and SK Securities Building [Photo by KB Asset Management]

On the 13th, KB Asset Management announced, "SK Securities Building and Center Place have received the 'LEED Gold' rating, a green building certification system from the U.S. Green Building Council (USGBC)," adding, "This demonstrates efficient energy use capabilities in building management and operation both internally and externally, solidifying our position as a leading ESG (Environmental, Social, and Governance) asset manager."

SK Securities Building is a prime-grade eco-friendly office building located in the Yeouido (YDB) area, completed in 2017 with a total floor area of 47,362㎡. It enhances energy efficiency through the installation of a geothermal heating and cooling system. KB Asset Management established a real estate fund using key affiliate funds from KB Financial Group and acquired SK Securities Building in June 2018. Currently, this fund is stably managed with high-quality tenants, including SK Securities which uses about 50% of the building’s total area as its headquarters, maintaining a vacancy rate of '0%.'

Center Place is an asset owned by a public real estate fund jointly invested by KB Financial Group funds and public investors, planned as a strategy in 2019. This year, it successfully renewed lease contracts with Hana Financial Group affiliates, its core tenants, maintaining a vacancy rate close to 0% and achieving the targeted dividend rate (around 6% annually) for clients.

Additionally, KB Asset Management submitted the final report last September to obtain the LEED Gold certification for the KDB Life Tower currently in its portfolio. Shin Dongheon, Head of the Real Estate Management Division at KB Asset Management, stated, "We will continue to strive for eco-friendly asset management and operation, leading the way as a pioneering ESG company."

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