The 'Cheomdan Riche Biz Tower' Launches Sales in Cheomdan 2 District, Emerging as the Second Pangyo

- The Mecca of Advanced Industries in Gwangju Area... Noted as the Second Pangyo for Its Excellent Location Environment
- ‘Cheomdan Richae Biz Tower,’ a State-of-the-Art Knowledge Industry Center Enjoying a Prime Location in Cheomdan 2 District, Now Available for Lease

The Gwangju Advanced Science National Industrial Complex, which is responsible for the advanced industries in Gwangju Metropolitan City, shares many similarities with Pangyo Techno Valley, a representative advanced industrial complex in the Seoul metropolitan area.

Not only are both industrial complexes centered around advanced industries, but they also have nearby residential complexes, providing a live-work proximity advantage. Additionally, due to the high value-added nature of advanced industries, both areas share a high income level. Furthermore, both enjoy industrial agglomeration, attracting highly skilled talent, led by nearby research facilities.

There are many similarities in terms of location environment as well. The most significant commonality is the excellent metropolitan transportation network. While Pangyo Techno Valley is adjacent to the Gyeongbu Expressway and the Seoul Metropolitan Area 1st Ring Expressway, enabling rapid travel nationwide and within the metropolitan area, the Gwangju Advanced Science National Industrial Complex is close to the Honam Expressway and Gwangju 2nd Ring Road, allowing swift movement. Also, both complexes feature waterfront parks and green spaces along nearby rivers, providing leisure spaces for resident companies and local citizens alike.

In this way, the Advanced 2 District, known as the "Pangyo of Gwangju," is expected to gain great popularity with the supply of a state-of-the-art designed knowledge industry center.

‘Cheomdan Riche Biz Tower,’ the first knowledge industry center supplied by Jinah Construction, famous for the apartment brand ‘Jinarichae,’ will be launched in the core location of Advanced 2 District. As mentioned earlier, Advanced 2 District is conveniently located near Bitgoeul-daero and Imbangul-daero, facilitating easy access within Gwangju city. Planned roads include the Northern Ring Road Section 1 and the Sangmu-Cheomdan Industrial Complex Road. Additionally, the Honam Expressway’s Dongnim IC and Sanwol IC are nearby, providing a well-connected transportation environment for rapid travel not only within Gwangju but nationwide.

Moreover, residential complexes in Advanced 1 and 2 Districts are located near the knowledge industry center, offering a live-work proximity premium with commuting possible within 10 minutes by car from large residential areas such as Suwan District and Sangmu District. The proximity to Yeongsan River Waterfront Park and Sports Park also provides an optimal working environment.

Expectations for work synergy effects with nearby industrial complexes are also high. The Gwangju Advanced Science National Industrial Complex, where the knowledge industry center is located, is near Bonchon Industrial Complex, Hanam Industrial Complex, Jingok Industrial Complex, and the planned Advanced 3 District Industrial Complex (scheduled for 2023), positioning it as the center of Gwangju’s advanced industries.

The internal design also offers the value of a work-friendly knowledge industry center. A flexible section office design is applied for small-scale companies such as rapidly increasing startups and one-person businesses. Depending on business scale and needs, spaces can be utilized in various sizes, accommodating everything from small to large companies. Various specialized designs for tenant companies are also included. An island rooftop garden will be created for employees to relax, and terraces (except for some units) will be installed on the 2nd and 3rd floors, providing eco-friendly rest areas. Additionally, various support facilities such as meeting rooms (except some floors), conference rooms, and fitness centers available to all tenants will be well prepared.

Furthermore, ‘Cheomdan Riche Biz Tower,’ developed as a landmark knowledge industry center representing the Advanced District, will feature street-type commercial facilities, becoming the commercial hub that attracts even the floating population of Advanced 2 District. Attention has also been paid to the chronic parking issue of knowledge industry centers, with a 100% self-parking design providing ample parking space for 588 vehicles.

Meanwhile, knowledge industry centers can be purchased regardless of whether the buyer is an individual or a corporation, and loans of up to 70-80% are available depending on the creditworthiness of the contract holder. Additionally, initial tenant companies can enjoy tax benefits such as a 50% reduction in acquisition tax and a 37.5% reduction in property tax, attracting strong interest from CEOs considering relocation or prospective entrepreneurs planning new startups.

‘Cheomdan Riche Biz Tower’ will open its promotional center on November 6 and begin full-scale sales. The promotional center is located on the 1st floor at 943 Sangmu-daero, Seo-gu, Gwangju Metropolitan City.