"Byeollae Station Triple Transit-Oriented Commercial Facility Coming" Hubval Nine La Vigne, Scheduled for June Sale

- Commercial facilities within Guri Galmae Knowledge Industry Center with a total floor area of 149,736㎡
- Located at the forefront of Galmae District, securing abundant demand, visibility, exposure, and accessibility

Galmae PFB plans to lease commercial facilities of ‘Hueval Nine La Vigne’ in the Guri area of Gyeonggi-do in June. ‘Hueval Nine La Vigne’ is a commercial facility within the Guri Galmae Knowledge Industry Center with a total floor area of 149,736㎡, securing the prime front position in the Galmae district with excellent accessibility.

Commercial facilities within the knowledge industry center expected to have a hinterland demand of about 65,000 people in Galmae

The complex is a commercial facility within the knowledge industry center, expected to have abundant demand encompassing both residential and office users, attracting fixed demand from the knowledge industry center, demand from the Galmae district, and hinterland demand from the Galmae station area.

In fact, the fixed workforce demand within the knowledge industry center alone reaches about 7,300 people, and the hinterland demand from the Galmae district and nearby Galmae station area is approximately 58,539 people. Considering only fixed and hinterland demand, it is expected to secure an abundant demand of about 65,839 people.

Prime front location in Galmae district, landmark commercial facility with excellent accessibility

‘Hueval Nine La Vigne’ boasts excellent accessibility as it is located at the foremost position in the Galmae district. It is developed as a road-facing commercial facility adjacent to a roughly 200m road, which is unavoidable when traveling from Byeollae Station to the Galmae district, ensuring visibility, exposure, and accessibility.

It also incorporates specialized designs to maximize demand acquisition. First, it is designed with a street-type structure clearly distinguishing the functions and roles of the front and rear parts of the commercial facility. The front, expected to have the highest foot traffic, includes a performance hall and central plaza to serve as a gathering hub and meeting place, while the rear will attract purpose-driven MDs considering internal circulation and create a pleasant walking trail.

Abundant foot traffic attracted by the triple station area of Byeollae Station and extensive transportation network

Located at the entrance of the Galmae district, it is a transportation hub enjoying the premium of a triple station area, with Byeollae Station on the Gyeongchun Line just a 5-minute walk away, making it a super-station area.

Byeollae Station nearby is expected to have Subway Line 8 (scheduled to open in 2023) and GTX-B Line (scheduled to start construction in 2022), transforming it into a triple station area with access to Seoul’s Gangnam area within 20 minutes.

Additionally, it is adjacent to Galmae IC and Toegyewon IC, with easy access to the Metropolitan Area 1st Ring Expressway and Sejong-Pocheon Expressway, which is expected to absorb significant foot traffic attracted to the Byeollae Station area in the future.

Commercial facility with high rarity value at an introduction ratio of 6.96% relative to total floor area

‘Hueval Nine La Vigne’ occupies 10,419㎡ out of the total 149,736㎡ of the knowledge industry center, which is about 1.46 times the size of the Sangam World Cup Stadium.

With an introduction ratio of 6.96% relative to the total floor area, this commercial facility has one of the lowest ratios compared to other nearby knowledge industry centers. A lower introduction ratio means less competition and higher rarity value, which increases investment value.

Public-private joint project securing both project stability and reliability

‘Hueval Nine La Vigne’ is a public-private joint project with Galmae PFB as the developer and Shinsegae Construction as the builder. When a public enterprise participates in a project, the risk is lower than when a private company undertakes it independently, allowing consumers to feel the project’s stability and reliability.

A sales official stated, “Since it is developed as a road-facing street commercial facility at the entrance of the Galmae district, a significant amount of foot traffic and hinterland demand is expected,” adding, “Shinsegae Construction, the builder, is expected to bring brand premium with proven construction capabilities demonstrated in Shinsegae Department Store and Starfield.”

The promotional center for ‘Hueval Nine La Vigne’ is located in Guri, Gyeonggi-do.