- Highly Rare Knowledge Industry Center in Magok District
- Convenient Transportation Network with Access to Subway Lines 9, 5, and Airport Railroad

Line 9, Line 5, and Airport Railroad Triple Lines 'Magok Botanic Gate' View original image

The 'Magok Botanic Gate' knowledge industry center is currently being offered for sale in the Magok district of Gangseo-gu, Seoul, where various domestic and international companies including LG Science Park, Korea Toray, Lotte, Nexen, and E-Land, as well as 4th industrial revolution companies, are gathered. It is the second knowledge industry center to be supplied among the four planned knowledge industry centers in the Magok district, attracting significant interest from potential buyers.


'Magok Botanic Gate' will be constructed in the Magok-dong area of Gangseo-gu, Seoul, consisting of 4 basement floors and 10 above-ground floors, with a total floor area of 37,736㎡.


'Magok Botanic Gate' offers access to three subway lines: Seoul Subway Line 9 at Yangcheon Hyanggyo Station, Line 5 at Balsan Station, and the Airport Railroad at Magoknaru Station. Notably, it is a prime location within a 5-minute walk to Yangcheon Hyanggyo Station on Line 9. Additionally, it boasts excellent accessibility to Olympic-daero, facilitating easy travel within Seoul and the metropolitan area.


The business infrastructure of 'Magok Botanic Gate' is also outstanding. According to the sales status of the Magok Industrial Complex, as of May last year, major companies such as LG, Kolon, Lotte, and Nexen have already moved in, and by 2027, 150 companies and 170,000 residents are planned for the area.


It is also adjacent to the Magok MICE (Meetings, Incentives, Conferences, and Exhibitions) complex development project area, where 'COEX Magok' will be located. The Seoul Magok MICE complex development project includes office facilities, retail spaces, convention centers, cultural assembly facilities, hotels, and residential lodging facilities, with a total floor area of 826,520㎡, approximately twice the size of Gangnam COEX (460,000㎡).


Furthermore, there are abundant upcoming development benefits such as the Gimpo Airport complex development, Gayang-dong CJ site development, and the integrated new Gangseo-gu Office building, which are expected to further enhance the value of the area.


The proximity to Seoul Botanic Park offers a pleasant working environment. The park spans approximately 504,000㎡, about twice the size of Yeouido Park, and the nearby northern area includes a wetland ecological park. Additionally, cultural parks and community parks are not far away, and the LG Arts Center is located at the entrance of Seoul Botanic Park, allowing for a relaxed enjoyment of both greenery and cultural arts.


The knowledge industry center will also provide various rest and leisure spaces. These include the 'Botanic Stand,' a cultural and relaxation space connecting walkways and green areas centered around a small plaza designed like a circular stage; the rooftop 'Therapy Terrace' with views of Seoul Botanic Park and the Han River; and the '2nd Floor Deck,' an open space facing Seoul Botanic Park.


The complex is offered at a price lower than nearby areas such as Yeongdeungpo. The sale price is in the range of 18 million KRW per 3.3㎡, making it highly competitive compared to nearby knowledge industry centers. For example, knowledge industry centers in Yeongdeungpo were sold at 23 to 31 million KRW per 3.3㎡, and the first knowledge industry center in Magok district was supplied at 22 to 23 million KRW per 3.3㎡.


Moreover, loans of up to 80% of the sale price are available, and if conditions are met, low-interest loans (at the base interest rate level) can be obtained from institutions such as the Small and Medium Business Corporation and various city and provincial foundations (in some regions).



Currently, the construction progress is about 90%, allowing for quick occupancy, and the promotional center is located near Balsan Station on Line 5 in Naebalsan-dong, Gangseo-gu, Seoul.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing